Given forecast errors of 5,0,-4,and 3,what is the mean absolute deviation (MAD)?
A)4
B)3
C)2.5
D)2
E)1

Name: Given forecast errors of 5,0,-4,and 3,what is the mean absolute deviation (MAD)? A)4 B)3 C)2.5 D)2 E)1
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Quizplus · Accepted Answer

The mean absolute deviation (MAD) is calculated by taking the absolute values of the forecast errors, summing them up, and then dividing by the number of errors. Here, |5| + |0| + |-4| + |3| = 5 + 0 + 4 + 3 = 12. Then, 12 divided by 4 (the number of errors) equals 3.

Given Forecast Errors of 5,0,-4,and 3,what Is the Mean Absolute