Given Forecast Errors of 4, 8, and −3, What Is

question 68

Multiple Choice

Given forecast errors of 4, 8, and −3, what is the mean absolute deviation?

• A) 3
• B) 4
• C) 5
• D) 6
• E) 9

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Definitions:

Shirking

is the behavior of avoiding or evading work and responsibilities, often leading to reduced productivity within an employment context.

Efficiency Wage

A wage rate paid by employers that is above the market equilibrium to increase worker productivity and efficiency.

Stock Options

Financial derivatives that give the holder the right, but not the obligation, to buy or sell a stock at a specified price before a certain date.

Exercise Price

The exercise price is the price at which an option holder can buy (call option) or sell (put option) the underlying security or commodity.