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:

Frontier

The edge of a settled area, or the boundary between the known and unknown, often associated with westward expansion in American history.

Railroads

Systems of tracks along which trains run, a major form of transportation for both goods and passengers, historically significant in the development and expansion of countries.

Development

The process of economic growth, expansion, or realization of social and cultural potential within a country or region.

Railroad Industry

The sector of the economy focused on the construction, operation, and maintenance of railways for the transport of goods and passengers.