Using the Sales Data on a Particular Model of a DVD

question 87

Multiple Choice

Using the sales data on a particular model of a DVD player shown below in Table 2, answer questions
Table 2
$\begin{array}{|l|c|c|c|}\hline \text { Month } & \text { Sales } & \text { Forecast 1 } & \text { Forecast 2 } \\\hline \text { Jan } & 35 & 30 & 33 \\\hline \text { Feb } & 29 & 28 & 32 \\\hline \text { Mar } & 39 & 43 & 35 \\\hline \text { Apr } & 42 & 40 & 45 \\\hline \text { May } & 51 & 48 & 52 \\\hline \text { Jun } & 56 & 55 & 52 \\\hline\end{array}$
-For the data in Table 2, which forecast is better using the mean absolute deviation (MAD) criterion given in the answer #11 and #12?

• A) Forecast 1
• B) Forecast 2
• C) Forecast 1 and 2 are identical, with equal MADs
• D) Neither forecast 1 nor forecast 2

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Definitions:

Adaptive Socialization

The process through which individuals learn and adjust their behavior to fit the norms and roles required for successful integration within their society or specific groups.

Anticipatory Socialization

A process through which people learn the values, behaviors, and norms of a social role or group they aspire to join in the future.

Self-fulfilling Prophecy

A belief or expectation that an individual or group holds, which influences their actions in a way that causes the belief to become a reality.

Symbolic Interactionists

Sociologists who study how people use symbols to create meaning, and how those meanings shape social interactions and society itself.