Question: Calculate the mean absolute deviation ( MAD ) for the forecasts made by each technique in April through December. Which forecasting method do you prefer?

Calculate the mean absolute deviation (MAD) for the forecasts made by each technique in April through December. Which forecasting method do you prefer? (Round your answer to 2 decimal places)
a) Exponential smoothing method (alpha=0.30)(3.58)
b)3-month weighted moving average (3.58)
c)3-month weighted moving average (3.99)
d)3-month moving average (4.15)
 Calculate the mean absolute deviation (MAD) for the forecasts made by

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!