Measured by the mean absolute deviation,which of the forecast methods (1,2,or 3)provides the highest degree of forecast accuracy for the five weeks of data shown below?
A) Method 1.
B) Method 2.
C) Method 3.
D) Methods 1 and 2 are equal.
E) Methods 2 and 3 are equal.

Question

Measured by the mean absolute deviation,which of the forecast methods (1,2,or 3)provides the highest degree of forecast accuracy for the five weeks of data shown below? 
A) Method 1. 
B) Method 2. 
C) Method 3. 
D) Methods 1 and 2 are equal. 
E) Methods 2 and 3 are equal.

Quizplus · Accepted Answer

Both methods 2 and 3 have MAD = 14/5 = 2.8.

Measured by the Mean Absolute Deviation,which of the Forecast Methods