Company Has Calculated Its Running Sum of Forecast Errors to Be

question 42

Multiple Choice

company has calculated its running sum of forecast errors to be 500 and its mean absolute deviation is exactly 35.Which of the following is the company's tracking signal?

• A)Cannot be calculated based on this information
• B)About 14.3
• C)More than 35
• D)Exactly 35
• E)About 0.07

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Definitions:

Cost of Goods Sold

The total cost directly involved in producing goods or services, which are sold during a particular period.

Weighted-Average

A method used to calculate an average whereby different values have different levels of importance or "weights".

Cost of Goods Sold

The immediate expenses related to the manufacture of products sold by a business, encompassing both materials and workforce.

Perpetual System

An inventory management method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.