Question: The department manager using a combination of methods has forecast sales of toasters at a local department store. Calculate the MAD for the manager's forecast.
The department manager using a combination of methods has forecast sales of toasters at a local department store. Calculate the MAD for the manager's forecast. Compare the manager's forecast against a naive forecast. By how many units on average does manager's forecast differ from a naive forecast?
tableMonthUnit Sales,Manager'sJorecastFebruaryMarchAprilMayJuneJulyAugustSeptemberNovember
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