Question: I need help with this problem and how to format and use formulas I'm not really good at execl Consider the actual and forecast values

I need help with this problem and how to format and use formulas I'm not really good at execl

Consider the actual and forecast values contained in the table. A. What is the MAD of the forecast? (10 points) B. Provide interpretation of this number. (5 points) 10.8 13.6 16.3 0 1 Actual 2 3 4 5 6 7 8 9 30 19 Forecast 10 13 17 19 22 26 28 29 32 35 21.7 24.5 27.2 29.9 32.6 35.3 23 24 25 26 27 28 29 30 31 32

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!

I am having issues with this entire problem. I posted the problems. Can you please break down the formulas and points you use please To get the dialog box, click on fx, then Financial, then FV, then...

MBA: Coroporate finace Textbook: Brigham, E. F., & Ehrhardt, M. C. (2020). Financial management: Theory and practice (16th ed.). Thomson South-Western. ISBN-13: 978-1-337-90260-1. Chapter 4, problem...

Need help with the following excel simulation assignment: a. Find the FV of $1,000 invested to earn 10% annually 5 years from now. Answer this question by using a math formula and also by using the...

For the Texas State Sales Tax problem above, use the spreadsheet to answer the following question: Use the Trend Line equation to forecast the sales for the 3rd quarter of Year 5. Choose the correct...

[3 View 125% Zoom v 'll (9+in lnsert Table Chart Text Shape Media Collaborate AdVva ntage Process Management Class Project Case Study Deliverable 2 Scope Overview Wholesale Large Format Printing....

1 2.3 Definition of a Discrete Probability Function Definition: Let S be a discrete sample space from some experiment. A function P, defined on all events in S, is said to be a probability function...

Use the flexible budget template to complete this problem The Antigua Blood bank, a private charity partly supported by government grants is located on the Caribbean island of Antigua. The blood bank...

MGMT 426-5ervice Operations Management Assignment 1 - Forecasting Purpose of Assignment In this assignment, you will develop forecasting skills which are widely used in industry and highly valuable...

Jones & Bartlett Learning, LLC. NOT FOR RESALE OR DISTRIBUTION CHAPTER Hot Spot Analysis 10 LEARNING OBJECTIVES C A R R Provide a working definition of a \"hot spot.\" , Be able to explain different...

Hi Erylee88, I would like to utilize your service again. Same format different questions. Please find attached document for your review. Let me know. Thank you, Sam...

Cooley Industries needs an additional $500,000, which it plans to obtain through a factoring arrangement. The factor would purchase Cooleys accounts receivables and advance the invoice amount, minus...

For each of the unrelated transactions described below, present the entry(ies) required to record each transaction. 1. Grand Corp. issued $20,000,000 par value 10% convertible bonds at 99. If the...

Salud Company reports the following information. \ begin { tabular } { | l | l | l | l | l | } \ hline Selected Annual Income Statement Data & & \ multicolumn { 3 } { | c | } { Selected Year - End...

Steinberg Company had the following direct materials costs for the manufacturing of product T in March: Actual purchase price per pound of direct materials$7.90Standard direct materials allowed for...