Given Forecast Errors of -5, -10, and +15, the MAD

question 22

Multiple Choice

Given forecast errors of -5, -10, and +15, the MAD is:

• A) 0.
• B) 10.
• C) 30.
• D) 175.
• E) 225.

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Definitions:

Minimize

The process of reducing or bringing something down to the smallest possible amount or degree.

Distances

The amount of space between two points, which can be measured in various units such as kilometers, miles, meters, or feet, important for logistics and planning.

Minimum Cost

The lowest possible expense incurred in the production or acquisition of goods or services without compromising quality.

Shipping Solution

A system or service that simplifies the process of sending goods from one place to another.