A Forecasting Method Has Produced the Following Over the Past

question 22

Multiple Choice

A forecasting method has produced the following over the past five months.What is the mean absolute deviation?

• A)-0.2
• B)-1.0
• C)0.0
• D)1.2
• E)8.6

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Definitions:

Capital Account

An account on the balance sheet representing the cumulative amount of investment in the business by the owners or shareholders, plus retained earnings.

Consent

Agreement or approval given freely and knowingly by a competent individual.

Interest

The cost of borrowing money, typically expressed as a percentage of the principal amount.

Capital Balances

The amount of money that owners have invested in a company, minus any withdrawals, often shown in the equity section of the balance sheet.