If the Forecasted Value of the Time Series Variable for Period

question 18

Multiple Choice

If the forecasted value of the time series variable for period 2 is 22.5 and the actual value observed for period 2 is 25, what is the forecast error in period 2?

• A)3
• B)2
• C)2.5
• D)-2.5

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Definitions:

Cultural Intelligence

The ability to relate and work effectively across cultures, understanding and respecting cultural differences.

Polycentric Attitude

An approach in international business that emphasizes adapting to and integrating with the host country's culture and business practices.

Collaborative Approach

A working method that involves joint effort and partnership among team members or organizations to accomplish a common goal.

International Business

encompasses all commercial transactions, both governmental and private, between parties of different countries, involving exports, imports, and foreign direct investment.