A company has developed a linear trend model to forecast monthly sales. The following data show the actual sales and the "fitted" sales for months 1-12. Based on these data, what is the value for the mean absolute deviation for months 1-12?
A) Approximately 975
B) About 81
C) Nearly 150
D) None of the above

Question

A company has developed a linear trend model to forecast monthly sales. The following data show the actual sales and the "fitted" sales for months 1-12.  Based on these data, what is the value for the mean absolute deviation for months 1-12?
A) Approximately 975 
B) About 81 
C) Nearly 150 
D) None of the above

Quizplus · Accepted Answer

The Answer of A company has developed a linear trend model to forecast monthly sales. The following data show the actual sales and the "fitted" sales for months 1-12.  Based on these data, what is the value for the mean absolute deviation for months 1-12?
A) Approximately 975 
B) About 81 
C) Nearly 150 
D) None of the above

A Company Has Developed a Linear Trend Model to Forecast