An Operation Analyst Is Forecasting This Year's Demand for One

question 4

Multiple Choice

An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data:
$$\begin{array} { | c | c | } \hline \text { Year } & \text { \# Sald } \\\hline 4 \text { years ago } & 10,000 \\\hline 3 \text { years ago } & 12,000 \\\hline \text { 2 years ago } & 18,000 \\\hline \text { Last year } & 20,000 \\\hline\end{array}$$
The previous trend line has predicted 18,500 for two years ago, and 19,700 for last year. What was the mean absolute deviation for these forecasts?

• A) 100
• B) 200
• C) 400
• D) 500
• E) 800

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Definitions:

Long-term Advantage

A competitive edge or benefit that a company or individual maintains over an extended period.

Procedural Justice

Concerns the fairness and transparency of the processes used to make decisions, promoting impartiality and equal treatment.

Equivalent Qualifications

Credentials or qualifications that are considered to be equal in value, level, or function to others, despite being different in nature.

Same Consideration

The act of treating all parties or factors impartially and equally in a decision-making process.