Question: A forecasting method has produced the following over the past five months. What is the mean absolute deviation (MAD)? Month Forecast Actual June 2 8

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

Month Forecast Actual

June 2 8

July 17 10

August 10 4

September 6 14

October 12 6

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!

Q:

QUESTION 16 6 A forecasting method has produced the following over the past six months. What is the mean absolute deviation (MAD)? Period Forecast Actual 1 48 2 9 52 3 4 74 14 62 5 55 61 68 4 1 6...

Q:

A forecasting method has produced the following over the past five months. What is the mean absolute deviation (MAD)? Actual Forecast 15 12 8 11 10 9 6 8 9 6 2.2 -0.4 O 0.4 O 9.2 O 2.4 A seasonal...

Q:

A forecasting method has produced the following over the past five months. What is the mean absolute deviation ( MAD ) ? Actual Forecast Error | Error | 1 0 1 1 - 1 1 8 1 0 - 2 2 1 0 8 2 2 6 6 0 0 9...

Q:

A forecasting method has produced the following over the past five months. What is the mean absolute deviation (MAD)? Actual Forecast 10 13 8 10 10 8 6 6 9 8 A.-0.4 B.0.0 C.-2.0 D.1.6 E.8

Q:

A forecasting method has produced the following over the past five months. What is the mean absolute deviation (MAD)? Actual Forecast 10 11 12 10 10 12 6 9 9 8 -3.0 2.6 1.8 -0.6 0.6

Q:

OPERATIONS MANAGEMENT A forecasting method has produced the following over the past six months. What is the mean absolute deviation (MAD)? Period Forecast Actual 1 24 48 15 52 18 74 oo b w 3 62 8 55...

Q:

QUESTION A forecasting method has produced the following over the past five months. What is the mean squared error (MSE)? Month Forecast Actual Jan 4 Feb 10 March 5 April 1 May 8 Ba 10 4 14 6...

Q:

Question 10 and 11 please Question 10 and 11 please QUESTION 10 What is the forecast for September using a 3-month moving average? Month March April May June July August September Demand 13 23 31 35...

Q:

A forecasting method has produced the following over the past five months. What is the mean absolute deviation (MAD)? Excel Access Month Forecast Actual June 19 8 July 18 10 August 10 September 3 14...

Q:

QUESTION 14 A forecasting method has produced the following over the past five months. What is the mean absolute deviation (MAD)? Excel Access Month Forecast Actual Jan 20 8 Feb 14 10 March 6 4 17 14...

Q:

Find (a) The absolute pressure and (b) The gauge pressure at the bottom of a swimming pool of depth 5.0 m.

Q:

Nancy Denny purchased a Bronco II, a small sport-utility vehicle (SUV) that was manufactured by Ford Motor Company. Denny testified that she purchased the Bronco for use on paved city and suburban...

Q:

Tell me about a successful financial project or deal you were involved in. What was your role, and what were the outcomes?

Q:

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...