The mean absolute deviation (MAD)is used to:
A)estimate the trend line.
B)eliminate forecast errors.
C)measure forecast accuracy.
D)seasonally adjust the forecast.
E)measure average data.

Question

Quizplus · Accepted Answer

MAD is a measure of forecast accuracy that calculates the average absolute difference between each forecasted value and its corresponding actual value. This makes it a useful tool for evaluating the performance of a forecasting model.

The Mean Absolute Deviation (MAD)is Used To