Which of the following is used to describe the degree of error?
A) Weighted moving average
B) Regression
C) Moving average
D) Forecast as a percent of actual
E) Mean absolute deviation

Question

Quizplus · Accepted Answer

Mean absolute deviation (MAD) is a measure of the degree of error in forecasted values. It calculates the average absolute difference between each forecasted value and the actual value. The smaller the MAD, the more accurate the forecast.

Which of the Following Is Used to Describe the Degree