Question: A forecasting method has produced the following over the past five months. What is the mean absolute deviation? Actual Forecast Error -2 10 12 8

A forecasting method has produced the following over the past five months. What is the mean absolute deviation? Actual Forecast Error -2 10 12 8 13 -5 10 15 -5 6 4 2 9 5 4 0 -1.2 O 1.2 O 3.6 0 -3.6

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!

PLEASE SHOW ALL STEPS. SHOW ALL WORK AND EXPLAIN YOUR ANSWER. PLEASE DO EVERY STEP. WRITE WITH BLACK PEN AND PAPER ONLY - NO TYPING. PLEASE WRITE VERY NEATLY - NO CURSIVE AT ALL ANJU ONDU A...

Please show work 1) Given the actual demand for July 2020 - December 2020, what is the forecast for January 2021 using a four-month moving average? Jul Aug Sep Oct Nov. Dec 39 40 41 42 43 44 A) 40.5...

QUESTION 15 The J.J. Family car dealer in Youngstown, Ohio sells cars. The table below shows the dealer's number of cars sold each month between November and April. What is the forecast for May using...

A forecasting method has produced the following over the past five months. What is the mean absolute deviation? Actual 10 8 10 Forecast Error 12 -2 13 -5 15 -5 4 2 5 4 6 9 O 1.2 3.6 -3.6

Sole the questions. Provide step by step calculations Q1. Demand for a certain product is forecast to be {F) units per month, averaged over all 12 months of the year. The product follows a seasonal...

A forecasting method has produced the following over the past five months. What is the mean absolute deviation? Actual Forecast Error Error|| 10 15 1-5 15 8 10 2 2 10 8 2 2 16 4 2 2 9 8 1 1 0 2.4 2.0...

QUESTION 4 A forecasting method has produced the following over the past five months. What is the mean absolute deviation? Actual Forecast Error |Error 10 11 -1 1 8 10 -2 2 10 8 2 2 6 6 0 0 9 8 -10 O...

A forecasting method has produced the following over the past five months. What is the mean absolute deviation? Actual Forecast Error |Error| 10 11 -1 1 8 10 -2 2 10 8 2 2 6 6 0 0 9 8 1 1 A) -0.2 B)...

A forecasting method has produced the following over the past five months. What is the mean absolute deviation? 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 8 1 1 A ....

In free space, E(x, t) = 100 sin (t +x )ay V/m. Find the average power crossing a circular area of radius 3 m in the plane x =const.

Suppose the one-year interest rate in the United States is 9.5%. What would you expect the interest rate to be in the UK if expected inflation is 5.3% in the United States and 7.85% in the UK? Select...

Speculation is necessary for sufficient liquidity in the futures market. Group of answer choices True False

Exercise 5. (/25) Consider two machines that are maintained by a single repairman. Machine 2' functions for an exponentially distributed amount of time with rate Ag- before it fails. The repair times...