Exhibit 11.4 The Following Questions Use the Data Below

question 44

Multiple Choice

Exhibit 11.4
The following questions use the data below.
Joe's Sporting Goods wants to forecast quarterly sales figures using the additive seasonal method. The store has collected 12 quarters of data and needs your help to analyze the data.
-In the formula for MAD, MAPE, and MSE, the Y_t and terms represent

• A) the actual and mean values, respectively.
• B) the actual and forecasted values, respectively.
• C) the forecasted and actual values, respectively.
• D) the predicted and forecasted values, respectively.

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