Question: The mean absolute deviation (MAD) for the forecasts shown in the following table is: Month Forecast Demand Actual Demand April 185 190 May 165 185

The mean absolute deviation (MAD) for the forecasts shown in the following table is:

Month

Forecast Demand

Actual Demand

April

185

190

May

165

185

June

200

185

July

230

220

August

210

195

a. more than 10 but less than or equal to 20.
b. more than 20 but less than or equal to 30.
c. more than 30 but less than or equal to 0.
d. more than 0 but less than or equal to 10.

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!