Question: John used the Mean Absolute Deviation ( MAD ) error measure to compare the accuracy of two forecast techniques, A and B . The MAD
John used the Mean Absolute Deviation MAD error measure to compare the accuracy of two forecast techniques, A and The MAD for forecast technique is units, whereas the MAD for forecast technique is units. Which of the following statements is correct?
is more accurate because it is smaller than
Forecast technique is more accurate because it is closer to zero.
Forecast technique is more accurate because is closer to zero.
Forecast technique is more accurate because is larger than
is more accurate because it is closer to zero.
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