A Forecasting Method Has Produced the Following Over the Past

question 58

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:

Free Trade

International trade left to its natural course without tariffs, quotas, or other restrictions.

Low Tax Rates

A situation in which the percentage at which an individual or corporation is taxed is lower than the typical or average rate.

Special-Interest Effect

The phenomenon where policies or regulations are influenced primarily by a small, vocal group acting in its own interest, rather than the broader public interest.

Private-Sector Provision

Goods and services provided by businesses and private individuals rather than the government, often driven by profit.