Given forecast errors of -1,4,8,and -3,what is the mean absolute deviation?
A)2
B)3
C)4
D)8
E)16

Name: Given forecast errors of -1,4,8,and -3,what is the mean absolute deviation? A)2 B)3 C)4 D)8 E)16
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Quizplus · Accepted Answer

The mean absolute deviation is calculated by taking the absolute values of the forecast errors, summing them, and then dividing by the number of errors: (|-1| + |4| + |8| + |-3|) / 4 = (1 + 4 + 8 + 3) / 4 = 16 / 4 = 4.

Given Forecast Errors of -1,4,8,and -3,what Is the Mean Absolute