Quarterly Returns Were Forecasted for a Mutual Fund Comprised of Technology

Multiple Choice

Quarterly returns were forecasted for a mutual fund comprised of technology stocks.The forecast errors for the last six quarters are as follows: -0.47, 1.12, -0.85, 1.27, 0.07, and -0.05.The MAD based on these forecast errors is ________________________ .

A) 0.18
B) 0.22
C) 0.64
D) 0.77
E) 0.98