Forecasting software packages typically report several summary measures of the forecasting error. The most important of these are MAE (mean absolute error), RMSE (root mean square error), and MAPE (mean absolute percentage error).

Answer the following statement true (T) or false (F)


True

Business

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In a binomial pricing model, what is the lowest price of an option at any node and why?

What will be an ideal response?

Business

On May 1, 2017, Kelalani purchased land for $88,000 for use in her business. She sold it on May 1, 2018, for $82,000. If there are no other sales of business or trade property, how is this loss treated for tax purposes on Kelalani's return?

A. $6,000 ordinary loss. B. $6,000 short-term capital loss. C. $6,000 long-term capital loss. D. $6,000 Section 1231 loss.

Business

Term life insurance is a type of insurance policy that is limited to the life of the person for whom the policy was purchased

Indicate whether the statement is true or false

Business

The competition for resources among those representing different organizational functions within a firm often leads to:

A. erosion of social capital. B. heightened communication. C. organizational politics. D. empowerment of organizational members.

Business