If the Errors Produced by a Forecasting Method for 3

question 128

Multiple Choice

If the errors produced by a forecasting method for 3 observations are +3,+3 and -3,then what is the mean absolute deviation (MAD) ?

• A)9
• B)0
• C)3
• D)-3
• E)15

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Definitions:

Algebraic Expression

A mathematical phrase that can contain ordinary numbers, variables (like x or y), and operators (like add, subtract, multiply, and divide).

Distributive Property

The distributive property is a basic algebraic rule stating that \(a(b + c) = ab + ac\), allowing for multiplication to be distributed over addition or subtraction.

Annual Sales

The total revenue generated from goods or services sold by a business in one year.

Distance Traveled

The total length of the path taken between two points.