Given Forecast Errors of -1,4,8,and -3,what Is the Mean Absolute

question 7

Multiple Choice

Given forecast errors of -1,4,8,and -3,what is the mean absolute deviation?

• A)2
• B)3
• C)4
• D)8
• E)16

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Definitions:

Scenario Planning

Scenario planning is a strategic planning method used to make flexible long-term plans based on different possible future conditions.

Individuals

Refers to single human beings, considered separately from their collective memberships or identities.

Contingency Planning

The process of preparing for unexpected events or circumstances that could disrupt operations.

Trigger Points

Specific conditions or situations that prompt a particular action, response, or series of events.