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A Company Has Developed a Linear Trend Model to Forecast

Question 51

Multiple Choice

A company has developed a linear trend model to forecast monthly sales.The following data show the actual sales and the "fitted" sales for months 1-12. A company has developed a linear trend model to forecast monthly sales.The following data show the actual sales and the fitted sales for months 1-12. Based on these data,what is the value for the mean absolute deviation for months 1-12? A) Approximately 975 B) About 81 C) Nearly 150 D) None of the above. Based on these data,what is the value for the mean absolute deviation for months 1-12?


A) Approximately 975
B) About 81
C) Nearly 150
D) None of the above.

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