A Time Series Analysis Was Performed to Determine the Number

question 24

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:

Capital Account

An account on a nation's balance of payments that records the investment funds coming in and going out of the country.

Statement of Owner's Equity

A financial document that reports the changes in the equity of a company over a specific period, including withdrawals, investments, and net income.

Trial Balance

A bookkeeping worksheet wherein the balances of all ledgers are compiled into debit and credit columns to ensure that total debits equal total credits.

Income Statement

A financial report summarizing revenues, expenses, and profits over a specific period, showing a company's financial performance.