Question: A forecasting method has produced the following over the past five months. What is the mean absolute deviation? Month Actual Forecast 1 102 110 2

A forecasting method has produced the following over the past five months. What is the mean absolute deviation?

Month Actual Forecast
1 102 110
2 120 116
3 125 120
4 110 120
5 100 113

  • A.

    -4.4

  • B. 7.5%
  • C.

    8.0

  • D.

    40.0

  • E.

    10.2

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