Given the Following Data, Compute the MAD for the Forecast $$\begin{array} { | l | l | l | } \hline 2001 & 16 & 18 \\\hline 2002 & 20 & 19 \\\hline 2003 & 18 & 24 \\\hline\end{array}$$

question 60

Short Answer

Given the following data, compute the MAD for the forecast.
Year Demand Forecast
$$\begin{array} { | l | l | l | } \hline 2001 & 16 & 18 \\\hline 2002 & 20 & 19 \\\hline 2003 & 18 & 24 \\\hline\end{array}$$

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Definitions:

Dividend Payout Ratio

The fraction of net earnings a firm pays out to its shareholders as dividends, showing the portion of earnings distributed relative to the amount retained.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities.

Net Income

The total profit of a company after all expenses, including taxes, have been deducted from revenues.

Common Stock

A type of equity security that represents ownership in a corporation, granting holders voting rights and a share of the profits.