Question: Why is Mean Absolute Deviation ( MAD ) considered a good metric of forecast accuracy? It measures the variability of forecast errors without regard to
Why is Mean Absolute Deviation MAD considered a good metric of forecast accuracy?
It measures the variability of forecast errors without regard to direction.
It assesses the percentage difference between forecasted and actual values.
It indicates whether a forecast is above or below actual demand.
It calculates the average of the squared forecast errors.
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