Given Forecast Errors of −5, -10, and 15, What Is

question 43

Multiple Choice

Given forecast errors of −5, -10, and 15, what is the mean absolute deviation?

• A) 0
• B) 5
• C) 10
• D) 30
• E) None of the answer choices is correct.

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Definitions:

Operating Efficiency

A measure of how well a company uses its assets and liabilities internally to generate revenue.

Exchange Of Plant Assets

Transactions involving the swap of fixed assets, such as machinery or buildings, between entities, often due to operational needs or upgrades.

Commercial Substance

A concept in accounting indicating that a transaction has caused a significant change in the economic circumstances of a business.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset over its life.