A Forecasting Model Has Produced the Following Forecasts

question 29

Multiple Choice

A forecasting model has produced the following forecasts:

The mean absolute deviation (MAD) for the end of May is

• A)7.0.
• B)7.5.
• C)10.0
• D)3.0

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Definitions:

Effort-performance Probability

The perceived likelihood that one's effort will lead to successful performance in a task or role.

Expectancy Model

A psychological theory stating that individual motivation to engage in an activity is influenced by the expected outcome and the personal importance of that outcome.

Cafeteria Compensation

A flexible benefits plan that allows employees to choose from a variety of pre-tax benefits options to best suit their individual needs.

Goal Setting

The establishment of clear, specific, measurable, achievable, relevant, and time-bound objectives, often considered crucial for successful personal and organizational planning.