Question: Given forecast errors of -1, 4, 4, and -3, what is the mean absolute deviation? 1 12 8 4 3 One use of short-range forecasts

Given forecast errors of -1, 4, 4, and -3, what is the mean absolute deviation?

1

12

8

4

3

One use of short-range forecasts is to determine:

cash budgeting.

research and development plans.

planning for new products.

production levels.

facility location.

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