Question: 15: A forecasting method has produced the following data over the past 5 months. What is the MAD? Actual Forecast Error |Error| 10 11

15: A forecasting method has produced the following data over the past 5 months.

What is the MAD?

Actual Forecast Error |Error|

10 11 − 1 1 8 10 − 2 2 10 8 2 2 6 6 0 0 9 8 1 1

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Operations Management Questions!