Question: 24. What does a MAD represent? A. Average number of defects B. Average amount of difference C. Range of error D Average error E Average
24. What does a MAD represent?
A. Average number of defects
B. Average amount of difference
C. Range of error
D Average error
E Average positive difference
After using your forecasting model for six months, you decide to test it using MAD and a tracking signal. Here are the forecast and actual demands for the six-month period:
| PERIOD | FORECAST | ACTUAL |
| May | 410 | 500 |
| June | 460 | 520 |
| July | 510 | 400 |
| August | 615 | 490 |
| September | 650 | 660 |
| October | 685 | 615 |
Negative values should be indicated by a minus sign. Round your answers to the nearest whole number.)
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