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In May, a Firm Experienced a Forecast Error of -25

Question 125

Multiple Choice

In May, a firm experienced a forecast error of -25. In June and July, the forecast errors were found to be -10 and 20, respectively. What is the firm's forecast MAD for these three months?


A) -15
B) -5
C) 18.3
D) MAD cannot be determined from the information provided

Correct Answer:

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