Question: Using the data given complete the forecasts using the following 3 methods For each calculate the mean absolute deviation (MAD) What forecast method is

Using the data given complete the forecasts using the following 3 methods For each calculate the mean absolute deviation (MAD) What forecast method is best, why? 2 month Month 1 2 3 4 5 6 7 sum of errors MAD Pizzas 230 240 260 320 320 350 Forecast Absolute value of error "I
Step by Step Solution
3.38 Rating (151 Votes )
There are 3 Steps involved in it
Comparing the MAD values Simple Average Method MAD ... View full answer
Get step-by-step solutions from verified subject matter experts
