Question: Using the data shown below in Table 1 , compute the mean square error, mean absolute deviation, and mean absolute percentage error for the forecasts
Using the data shown below in Table compute the mean square error, mean absolute deviation, and mean absolute percentage error for the forecasts shown and then answer the following question.
Table
Month
Forecast Demand
Actual Demand
April
May
June
July
August
The mean absolute deviation MAD is:
Question options:
less than or equal to
more than but less than or equal to
more than but less than or equal to
more than but less than or equal to
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