Question: Data Set E2 Month Actual Forecast 1 10 11 2 8 10 3 9 8 4 6 6 5 7 8 A forecasting method has
Data Set E2
| Month | Actual | Forecast |
| 1 | 10 | 11 |
| 2 | 8 | 10 |
| 3 | 9 | 8 |
| 4 | 6 | 6 |
| 5 | 7 | 8 |
A forecasting method has produced the following data over the past 5 months shown in Data Set E2. What is the mean absolute deviation (accurate to 2 decimals)?
| a) 0.60 | ||
| b) 1.20 | ||
| c) 1.00 | ||
| d) 1.25 |
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