Given forecast errors of -5,-10,and + 15,what is the mean absolute deviation (MAD)?
A) 0
B) 10
C) 30
D) 175
E) None of these.

Name: Given forecast errors of -5,-10,and + 15,what is the mean absolute deviation (MAD)? A) 0 B) 10 C) 30 D) 175 E) None of these.
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Question

Quizplus · Accepted Answer

To find MAD, we take the absolute value of each forecast error, sum them up and divide by the number of errors. In this case, the absolute values are 5, 10, and 15. Their sum is 30. Dividing by 3 gives MAD = 10. Therefore, the answer is B.

Given Forecast Errors of -5,-10,and + 15,what Is the Mean