Given Forecast Errors of −5, −10, and +15, the MAD

question 72

Multiple Choice

Given forecast errors of −5, −10, and +15, the MAD is:

• A)0.
• B)10.
• C)30.
• D)175.
• E)225.

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Definitions:

Short-Term Goal

A Short-Term Goal is an objective designed to be achieved in the near future, serving as a step towards a longer-term objective.

Fatigue

A state of persistent tiredness, often diminishing energy and motivation, that can be physical, mental, or a combination of both.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it. (Also known as the I-knew-it-all-along phenomenon.)

Generalized Beliefs

Broad opinions or convictions that individuals hold without specific evidence or direct experience to support them.