Question: 6 6 . Consider the following forecast errors. What is the Mean Absolute Deviation ( MAD ) ? Period Error 1 - 2 2 1

66. Consider the following forecast errors. What is the Mean Absolute Deviation (MAD)?
Period Error
1-2
21
33
40
5-1
62
74
a.1
b.1.86
c.7
d.13
e.5
67. Consider the following time series data. Suppose that you use exponential smoothing with an alpha of 0.7 to fit a forecasting model. The forecast for period 7 is
Period Forecast Actual value
Period 11010
Period 21011
Period 310.79
Period 49.5112
Period 511.25313
Period 612.47611
a.10.443
b.12
c.9.443
d.12.443
e.11.443

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