One measure of the accuracy of a forecasting model is the:
A)deseasonalized time series
B)four-period moving averages
C)mean absolute deviation
D)smoothing constant

Question

Quizplus · Accepted Answer

Mean absolute deviation is a measure of the difference between actual values and predicted values in a forecasting model. It is calculated by taking the average of the absolute differences between the actual and predicted values. A lower mean absolute deviation indicates a more accurate model. The other options listed are methods or components of forecasting models, but do not directly measure accuracy.

One Measure of the Accuracy of a Forecasting Model Is