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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