THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 30

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The table below shows the quarterly sales of Dragon Ball Z action figures in a toy store.The forecaster uses the double exponential smoothing model to determine the forecast for future periods.
Given: α = 0.7 and β = 0.3

-What is the value of the mean absolute percentage error?

• A)46.57
• B)19.96
• C)75.46
• D)26.56

---

Definitions:

Average Product

Average product is the output produced per unit of input, calculated by dividing total production by the number of units of input.

Marginal Product

This is the additional output resulting from one more unit of a given input, keeping all other inputs constant.

Labor Employment

The process or state of engaging individuals in work or activities that require the use of their skills and labor in return for payment.

Productivity

The measure of the efficiency of production, often expressed as the ratio of output to inputs used in the production process.