A Forecasting Method Has Produced the Following Data Over the Past

question 40

Multiple Choice

A forecasting method has produced the following data over the past 5 months shown in Data Set E2.What is the mean absolute deviation (accurate to 2 decimals) ?

• A)  0.60
• B)  1.20
• C)1.00
• D)1.25

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Definitions:

Reserve Requirement

The minimum percentage of deposits that banks are required to hold in reserve rather than lend out, set by central banking authorities to help control the money supply.

Open Market

A freely competitive market where any buyer or seller can participate without restrictions.

Savings Accounts

Financial accounts at banks or other financial institutions that pay interest on deposits, allowing individuals to save money over time.

Maturity Dates

The specific dates on which financial instruments such as bonds or loans are due to be fully paid off.