Armed only with his fingers, the owner decides that the safest forecasting approach is a moving average of two periods. Generate a forecast for the year using this technique and then calculate forecast errors using MAPD
What is the mean absolute deviation for this forecasting approach?
A) 7.67%
B) 4.45%
C) 6.24%
D) 5.11%
Answer: A
Business
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A decision to position the product on high-performance quality will mean that the ________
A) seller must charge a higher price to cover higher costs B) seller must charge a lower price to attract more customers C) producer must step down production D) marketer must boost derived demand in the market E) break-even volume will be fairly low
Business
The highest duty of care is owed by bailees when the bailment is for the mutual benefit of the
bailee and bailor. Indicate whether the statement is true or false
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