Question: A time series with forecast values is presented in the following table. The actual value of November is announced as 8.1. Calculate the mean absolute

A time series with forecast values is presented in the following table. The actual value of November is announced as 8.1. Calculate the mean absolute deviation (MAD) for the forecast in the period from August to November.

_. (Calculate to three decimal places. X.XXX)

Month	Actual	Forecast
July	5
August	11	5
September	13	7.4
October	6	9.64
November		8.184

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 time series with forecast values is presented in the following table. The actual value of November is announced as 9.4. Calculate the mean absolute deviation (MAD) for the forecast in the period...

A time series with forecast values is presented in the following table. The actual value of November is announced as 6. Calculate the mean absolute deviation (MAD) for the forecast in the period from...

please have the solutions using excel because rounding is different than calculator solution. A time series with forecast values is presented in the following table. The actual value of November is...

A time series with forecast values is presented in the following table. The actual value of November is announced as 8.1. Calculate the mean squared error (MSE) for the forecast in the period from...

A time series with forecast values is presented in the following table. The actual value of November is announced as 7. Calculate the mean squared error (MSE) for the forecast in the period from...

A time series with forecast values is presented in the following table. The actual value of November is announced as 6.5. Calculate the mean squared error (MSE) for the forecast in the period from...

A time series with forecast values is presented in the following table. The actual value of November is announced as 7. Calculate the mean squared error (MSE) for the forecast in the period from...

A time series with forecast values is presented in the following table. The mean absolute deviation (MAD) for this forecast is ___. Month Actual Forecast Error July 10 Aug 6 10 Sept 13 8.8 Oct 7 10.06

During baseball practice, a batter hits a very high fly ball and then runs in a straight line and catches it. Which had the greater displacement the batter or the ball?

Who are the major actors in political and legal systems? Which participant do you believe is most influential in international business?

Define mediated public speaking and give two examples of where it may be used

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...