What Is the Mean Absolute Deviation of the Following Forecasts

question 56

Multiple Choice

What is the mean absolute deviation of the following forecasts?

• A) 3174
• B) 164
• C) 41
• D) 136
• E) -34

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Definitions:

Agency Relationship

A legal arrangement where one party (the agent) is authorized to act on behalf of another (the principal) in business or legal matters.

Represents

To act on behalf of someone or something, often in a legal or official capacity.

Independent Contractor

An individual who provides services to another entity under a contract for services, retaining control over how the services are performed.

Specific Undertaking

A precise commitment or obligation that a party agrees to carry out.