Question: Based on the actual and forecasted returns shownbelow, what is theMAD? Month Monthly Return(%) Forecast(%) July 2007 2.20 1.95 August 2007 2.5 2.21 September 2007

Based on the actual and forecasted returns shownbelow, what is theMAD?

Month

Monthly Return(%)

Forecast(%)

July 2007

2.20

1.95

August 2007

2.5

2.21

September 2007

1.8

2.35

October 2007

1.4

2.15

November 2007

1.1

1.6

December 2007

1.9

1.2

0.507

1.531

0.249

2.344

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