Question: The table provided below represents the absolute deviations for each forecast prepared by the analyst. Absolute Deviations for Forecast 1 ( a = 0 ,
The table provided below represents the absolute deviations for each forecast prepared by the analyst.
Absolute Deviations for
Forecast
a
Absolute Deviations for
Forecast
a
Absolute Deviations for
Forecast
a
Year Sales, R
millions Sales, R millions Sales, R millions Sales, R millions
N
Q
S
Using the forecasts for the period, calculate the mean absolute deviation MAD for
Forecast Forecast and Forecast
A The MAD for Forecast Forecast and Forecast are million, million, and million,
respectively.
B The MAD for Forecast Forecast and Forecast are million, million and million,
respectively.
C The MAD for Forecast Forecast and Forecast are million, million, and
respectively.
D The MAD for Forecast Forecast and Forecast are million, million, and million,
respectively.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
