A Company Has Calculated Its Running Sum of Forecast Errors

question 6

Multiple Choice

A 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:

Cognitive Psychologist

A professional in psychology specializing in studying how people acquire, process, and store information.

Social Psychologists

Researchers who study how individuals' thoughts, feelings, and behaviors are influenced by social interactions and societal norms.

Behavior Development

Behavior development refers to how individuals acquire or change their behaviors over time, often studied in the context of childhood development, learning, and adaptation.

Human Behavior

The total range of actions or reactions of people in response to external or internal stimuli.