If you were selecting a forecasting model based on MAD,which of the following MAD values reflects the most accurate model?
A)0.2
B)0.8
C)1.0
D)10.0
E)100.0

Question

Quizplus · Accepted Answer

A smaller MAD indicates that the model's forecast values are closer to the actual values, resulting in a more accurate model. Thus, out of the given options, the MAD value of 0.2 reflects the most accurate model.

If You Were Selecting a Forecasting Model Based on MAD,which