FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 (2 points) Suppose that the last four months of sales were 18, 20, 25, and 30 units, respectively. Suppose further that the last

image text in transcribed
Question 2 (2 points) Suppose that the last four months of sales were 18, 20, 25, and 30 units, respectively. Suppose further that the last four forecasts were 15, 18, 20, and 31 units, respectively. What is the Mean Absolute Deviation (MAD) of these forecasts? 2.75 2.25 9.75 11

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

1001 Deductions And Tax Breaks 2023

1001 Deductions And Tax Breaks 2023

Authors: Barbara Weltman

2023 Edition

1119931185, 978-1119931188

More Books

Students also viewed these Accounting questions

Question

★★★★★
Is it possible to have an iron-carbon alloy for which the mass fractions of total cementite and pearlite are 0.039 and 0.417, respectively? Why or why not?

Answered: 1 week ago

Question

★★★★★
16. The balances below have been extracted from the accounting records of Ferguson Ltd at 31 December 2019: Cr Dr 240,000 500.000 180,000 392,000 152,000 568,000 264,000 214,000 366,000 16.000 Land,...

Answered: 1 week ago

Question

★★★★★
2. List the main characteristics of the market system.

Answered: 1 week ago

Question

★★★★★
For decades, the Federal Trade Commission (FTC) resolved fair trade and advertising disputes through individual adjudications. In the 1960s, the FTC began promulgating rules that defined fair and...

Answered: 1 week ago

Question

★★★★★
Antuan Company set the following standard costs per unit for its product. The standard overhead rate ( $18.50 per direct labor hour) is based on a predicted activity level of 75% of the factory's...

Answered: 1 week ago

Question

★★★★★
Instructions Amount Descriptions Sales Mix and Breakeven Instructions Texas- Company produces and sells barbeque grils Texas sells three models a small portable gas grill, a larger stationary gas...

Answered: 1 week ago

Question

★★★★★
138 Constant Prices Government Consumption Investmen Total purchases Exports mports Disposable Spending IM Spending ncome C +14G+(X -MM) Output) Output Taxer 1.800 1.150 1,350 6.600 1,500 1,150 1,350...

Answered: 1 week ago

Question

★★★★★
You ask four people to the prom. If X is the number of "yes" responses, what is E(X)? Assume equal probability for "yes" and "no" response. 8 16 NEXT QUESTION TURN IT IN ASK FOR HELP

Answered: 1 week ago

Question

★★★★★
As the change leader for Delta Pacific Company (DPC), you know certain elements need to be in place by leadership for a change to be successful. DPC wants to change the culture from the more...

Answered: 1 week ago

Question

★★★★★
1.If there was no PSE instituted inthe country,where would large mega businesses find large capital from investors? 7 2.How can an investor influence the direction of the company? 3. about the...

Answered: 1 week ago

Question

★★★★★
Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $11. At the start of January 2021, VGC's income statement accounts had zero...

Answered: 1 week ago

Question

★★★★★
6. What is the Consumer Price Index (CPI), and how is it determined each month? What effect does inflation have on the purchasing power of a dollar? How does it explain differences between nominal...

Answered: 1 week ago

Question

★★★★★
8. Briefly distinguish between demand-pull inflation and cost-push inflation. LO3

Answered: 1 week ago

Question

★★★★★
9. How does unanticipated inflation hurt creditors and help borrowers? How can anticipating the inflation make these effects less severe? LO3

Answered: 1 week ago

Previous Question Next Question