Use the data given below to answer the following question(s).
The table below shows the sales of a gaming console for the first 6 months of the year 2011.
The forecaster uses the weighted average model to determine the forecasts.He assumes a 40% weight for the most recent reading,30% weight for the second most recent reading,20% for the third most recent reading,and 10% for the fourth most recent reading.
-Using the given data,calculate the value of the mean absolute deviation.
A)26.95
B)9.19
C)6.65
D)0.87

Question

Use the data given below to answer the following question(s).
The table below shows the sales of a gaming console for the first 6 months of the year 2011.
The forecaster uses the weighted average model to determine the forecasts.He assumes a 40% weight for the most recent reading,30% weight for the second most recent reading,20% for the third most recent reading,and 10% for the fourth most recent reading. 
-Using the given data,calculate the value of the mean absolute deviation.
A)26.95 
B)9.19 
C)6.65 
D)0.87

Quizplus · Accepted Answer

The mean absolute deviation is calculated by finding the average of the absolute differences between each data point and the mean of the data set.

Use the Data Given Below to Answer the Following Question(s)