Highland Automotvie
the Table Below Summarizes the Number of New

question 63

Short Answer

Highland Automotvie
The table below summarizes the number of new cars Highland Automotive sold during each of the last five weeks along with a forecast that was generated for each of those weeks.
$$\begin{array} { | c | c | c } \hline \text { Week } & \text { Number af Cars 5ald } & \text { Farecast } \\\hline 1 & 24 & 20 \\\hline 2 & 21 & 22 \\\hline 3 & 25 & 21 \\\hline 4 & 19 & 23 \\\hline 5 & 34 & 21 \\\hline\end{array}$$
-What is the mean absolute deviation for this forecast?

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Definitions:

Carrying Value

Also known as the book value, it is the value of an asset on a company's balance sheet after accounting for depreciation, amortization, or impairment costs.

Accrued Interest

Interest that has been incurred but not yet paid, typically relating to bonds or loans.

Debt Restructuring Gain

A financial benefit realized by modifying the terms of debt agreements, usually resulting in a reduction in the obligated repayment amount or an extension of payment terms.

Extraordinary

Refers to gains or losses in a company's financial statements that are both unusual and infrequent in nature.