Question: A forecasting model yields the following forecasts as compared to the actual. Forecast: 10 10 20 30 40 50 60 Actual: 7 11 23 35

A forecasting model yields the following forecasts as compared to the actual. Forecast: 10 10 20 30 40 50 60 Actual: 7 11 23 35 42 57 67 Which one of the following is the MAD for this forecasting model over the past seven periods? a. - 2.86 b. 4.00 c. 3.71 d. 3.14

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:

1. A forecasting model yields the following forecasts as compared to the actual. FORECAST ACTUAL 20 17 10 12 25 23 35 37 40 42 55 59 60 65

Q:

5.6 Lets try something a little different: a two-dimensional linked list, which well call a matrix. This is the list analogue of a two-dimensional array. It might be useful in applications such as...

Q:

Solving Two-stage Robust Optimization Problems by A Constraint-and-Column Generation Method Bo Zeng Department of Industrial and Management Systems Engineering University of South Florida, Email:...

Q:

EFB106 COST AND BENEFIT ANALYSIS FOR PROJECT APPRAISAL Assessment Item 1: Sensitivity Analysis Online resource: http://www.cbabuilder.co.uk/ CBA Builder Excel Tool:...

Q:

B DE Enter your name in this box F G H ANN L M N 5 6 Tutorial 6 - Calculating Loan Payments and Loan Amortization You will determine the loan payment and amortization schedule fee a fixed rate loan...

Q:

Page 1 Front Page Page 5 Thrift Segment Analysis Page 9 Market Share Page 2 Stocks & Bonds Page 6 Core Segment Analysis Page 10 Perceptual Map Page 3 Financial Summary Page 7 Nano Segment Analysis...

Q:

Page 1 Front Page Page 5 Thrift Segment Analysis Page 9 Market Share Page 2 Stocks & Bonds Page 6 Core Segment Analysis Page 10 Perceptual Map Page 3 Financial Summary Page 7 Nano Segment Analysis...

Q:

Page 1 Front Page Page 5 Thrift Segment Analysis Page 9 Market Share Page 2 Stocks & Bonds Page 6 Core Segment Analysis Page 10 Perceptual Map Page 3 Financial Summary Page 7 Nano Segment Analysis...

Q:

Page 1 Front Page Page 5 Thrift Segment Analysis Page 9 Market Share Page 2 Stocks & Bonds Page 6 Core Segment Analysis Page 10 Perceptual Map Page 3 Financial Summary Page 7 Nano Segment Analysis...

Q:

Page 1 Front Page Page 5 Thrift Segment Analysis Page 9 Market Share Page 2 Stocks & Bonds Page 6 Core Segment Analysis Page 10 Perceptual Map Page 3 Financial Summary Page 7 Nano Segment Analysis...

Q:

Which of the following is considered a carrying cost associated with granting credit? O a. A firm's cost of equity. O b.. A firm's cost of managing payments to suppliers. O c. A firm's gains from bad...

Q:

Let n1 = 100, X1 = 45, n2 = 50, and X2 = 25. a. At the 0.01 level of significance, is there evidence of a significant difference between the two population proportions? b. Construct a 99% confidence...

Q:

11. The accountant at Canton Manufacturing Company wants you to create an application that calculates an assets annual depreciation using the double-declining balance and sum-of-the-years digits...

Q:

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...