Question: The table below shows forecasts for Sales ($m) for the four time periods using a forecasting technique F 1 Year Sales ($m) F 1 ($m)
The table below shows forecasts for Sales ($m) for the four time periods using a forecasting technique F1
Year | Sales ($m) | F1 ($m) |
2011 | 1.9 | 2.9 |
2012 | 2.9 | 3.5 |
2013 | 4.7 | 4.4 |
2014 | 3.7 | 3.5 |
Determine the Mean Absolute Deviation, MAD1 for the forecast F1 and enter the value in the box below
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