A Time Series Analysis Was Performed to Determine the Number

question 33

Multiple Choice

A time series analysis was performed to determine the number of new online customers that joined the 'Jelly of the Month Club'. The actual number of new customers,the forecast values and error terms is presented in the following table.The mean absolute deviation (MAD) for this forecast is ___________.

• A) -0.50
• B) 0.50
• C) 1.50
• D) 7.00
• E) 3.00

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Definitions:

Positive Correlation

A relationship between two variables where an increase in one variable is associated with an increase in the other.

Independent Variable

In research, a variable that is manipulated or changed to observe its effects on a dependent variable.

Experimental Method

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Independent Variable

The variable in an experiment that is manipulated to observe its effect on a dependent variable.