Which method would you recommend to your statistics professor in selecting the appropriate forecasting model if avoiding large errors is extremely important to him or her?
a. Mean absolute deviation (MAD)
b. Sum of squares for forecast error (SSE)
c. Either a or b
d. Neither a nor b
B
You might also like to view...
The fourth category of question in the SPIN approach is called the ________ question.
A. networking B. need-payoff C. non-specific D. necessary E. negotiation
In its initial year of operation, Montoya Manufacturing started and completed 4,000 identical widgets and had 1,000 widgets that were 40% complete in work-in-process at the end of the year. Total production costs for the year were $55,000. What is the cost per equivalent unit?
A) $12.50 B) $11.00 C) $11.96 D) $13.75
The comparative income statements for Silverlight Company are shown below. Calculate the following ratios for Year 2:(a) profit margin(b) gross margin(c) times interest earned.Silverlight CompanyIncome StatementsFor Years Ended December 31, ?Year 2Year 1Net sales$720,000$607,500Cost of goods sold 450,000 382,700Gross profit$270,000$224,800Operating expense 168,500 134,900Income from operations$101,500$ 89,900Interest expense 22,300 11,200Income before taxes$ 79,200$ 78,700Income taxes 28,000 27,000Net income$ 51,200$ 51,700
What will be an ideal response?
________ is the customs value of goods that is based on their price calculated from the cost of manufacture, overhead, and handling
A. Transaction value B. Deductive value C. Computed value D. Derived value