Question: b ) Find the MAD based on the 2 - year moving average forecast in part ( a ) . The value of MAD is
b Find the MAD based on theyear moving average forecast in parta
The value of MAD is computed by taking the sum of the absolute values of the individual forecast errorsdeviations and dividing by the number of periods of datan:
MAD StartFraction Summation from nothing to nothing Actual minus Forecast Over n EndFraction
Actual Forecast
n
Part
The absolute error for year is milesround your response to two decimal places
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