Question: A forecasting method has produced the following over the past five months. What is the mean absolute deviation? Actual Forecast 10 12 8 10 10

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

Actual

Forecast

10

12

8

10

10

8

6

6

9

8

A.

1.2

B.

0.0

C.

-0.2

D.

1.4

E.

-1.0

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 General Management Questions!