Question: TRUE or FALSE: Mean Absolute deviation ( MAD ) is a better measure than mean deviation for measuring the forecasting error. With mean deviation, the

TRUE or FALSE: Mean Absolute deviation

(

MAD

)

is a better measure than mean deviation for measuring the forecasting error. With mean deviation, the forecasts that are too large may cancel out the forecasts that are too small. This may result in the misleading impression that the forecast is accurate when in fact, it is not.

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