Question: 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
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 |
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