A forecasting method has produced the following data over the past 5 months shown in Data Set E2.What is the mean absolute deviation (accurate to 2 decimals)?
A)-0.60
B)-1.20
C)1.00
D)1.25

Question

Quizplus · Accepted Answer

The mean absolute deviation (MAD) is calculated by taking the average of the absolute differences between the forecasted and actual values. The correct MAD value from the given options is 1.00.

A Forecasting Method Has Produced the Following Data Over the Past