Consider the following to answer the question(s) below:
The following table shows actual sales values and forecasts.

-The MAD for the forecasting method used is
A) 7.112
B) 9.187
C) 82.656
D) 113.899
E) Indeterminate

Question

Consider the following to answer the question(s) below:
The following table shows actual sales values and forecasts.
 
-The MAD for the forecasting method used is
A) 7.112 
B) 9.187 
C) 82.656 
D) 113.899 
E) Indeterminate

Quizplus · Accepted Answer

The MAD is the average of the absolute differences between the forecast and the actual value. The MAD for the forecasting method used is 7.112.

Consider the Following to Answer the Question(s) Below