The Primary Purpose of the Mean Absolute Deviation (MAD) in Forecasting

question 135

Multiple Choice

The primary purpose of the mean absolute deviation (MAD) in forecasting is to:

• A) estimate the trend line.
• B) eliminate forecast errors.
• C) measure forecast accuracy.
• D) seasonally adjust the forecast.
• E) remove random variations.

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Definitions:

Phloem

A type of vascular tissue in plants responsible for transporting sugar (photosynthate) from leaves to other parts of the plant.

Evolutionary History

The chronicle of lineage development, adaptation, and diversification of organisms over time.

Gametophyte

The sexual and haploid phase in the life cycle of plants and algae that produces gametes through mitosis.

Sporophyte

The diploid phase in the life cycle of plants and algae that produces spores through meiosis, which in turn develop into the gametophyte generation.