In Forecasting,what Is the Mean Absolute Deviation (MAD)

question 17

Multiple Choice

In forecasting,what is the Mean Absolute Deviation (MAD) ?

• A)It is the difference between the forecast and actual demand.
• B)It is the average,absolute difference between the forecast and actual demand.
• C)It is the absolute error as a percentage of demand.
• D)It is the per-period average of cumulative error.

Grasp the evolutionary rationale for why individuals affiliate with groups.

Illustrate how uncertainty-identity theory explains group identification under conditions of uncertainty.

Describe how existential threats, such as reminders of mortality, influence group cohesion and identity.

Understand the role of social identity theory in explaining group behavior and self-definition.

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Definitions:

Oil Shale

Sedimentary rock containing organic matter that can be converted into shale oil through heating; a potential but controversial energy resource.

Oil and Gas

Natural hydrocarbon resources extracted from the Earth, used primarily for energy, heating, and in various industrial applications.

Coal

A black or brownish-black sedimentary rock that is formed from compressed organic matter and used as a fuel.

Rites of Enhancement

Traditional or ceremonial acts that improve or elevate the status of individuals within a community or organization.