Question: What is the primary advantage of using Mean Absolute Deviation ( MAD ) over Simple Average Error or Mean Absolute Percentage Error ( MAPE )
What is the primary advantage of using Mean Absolute Deviation MAD over Simple Average Error or Mean Absolute Percentage Error MAPE in forecasting?
What is the primary advantage of using Mean Absolute Deviation MAD over Simple Average Error or Mean Absolute Percentage Error MAPE in forecasting?
MAD calculates errors based on percentage differences, making it easier to compare across different product lines.
MAD allows for a direct comparison between high and low sales periods without bias.
MAD considers the absolute value of forecast errors, providing a more accurate measure of forecasting performance.
MAD provides a simpler calculation method for forecasting errors.
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