Question: A forecasting method has produced the following over the past five months. What is the mean absolute deviation? Month Actual Forecast 1 98 2 102

A forecasting method has produced the following over the past five months. What is the mean absolute deviation? Month Actual Forecast 1 98 2 102 120 125 100 105 3 & 4 110 120 5 100 113 A. 13.4 B. 14.1 O C. 10.2 D. 10.2% E. 10.4 A company has actual unit demand for four consecutive years of 100, 105, 135, and 150. The respective forecasts were 120 for all four years. Which of the following is the resulting MAD value that can be computed from these data? IN A. 10 B. 20 C. 22.5 D. 2.5 E. 30

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!

A forecasting method has produced the following over the past five months. What is the mean absolute deviation? Month Actual Forecast 1 102 98 2 120 100 3 125 105 4 110 120 5 100 113 A. 10.2 B. 14.1...

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%...

A forecasting method has produced the following over the past five months. What is the mean absolute deviation? Month Actual Forecast 1 121 110 2 120 116 3 125 130 4 110 120 5 98 113

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

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

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...

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...

Moving to another question will save this response Question 29 A forecasting method has produced the following over the past five months. What is the mean absoluto deviation? Month Actual Forecast 17...

A forecasting method has produced the following over the past five months. What is the mean absolute deviation (MAD)? Actual 10 Forecast 11 | 10 I ll ll lll / / 16 / 4 / O A. 1.2 O B. 6.0 O c. 2.4...

please help fast! A forecasting method has produced the following over the past five months. What is the mean absolute deviation? Month Forecast Actual Jan 8 12 11 Feb 10 7 4 March April May 7 14 2 6

The statement of financial position of Kingbird Limited follows for the current year, 2020: KINGBIRD LIMITED Statement of Financial Position December 31, 2020 Current assets $135,660 Current...

The US Census tracks the number of women-owned businesses that have a payroll. In 1992, women owned more than 800,000 such firms in the United States. The data identify the industry for all but 9,000...

A fiduciary duty involves which of the following? A . Proper handling of all client premiums. B . Underwriting all applications. C . Approving or disapproving the policy.

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...