Which of these forecasts is the BEST?
A)the one with a MAD of zero
B)the one with the tracking signal of +4
C)the one with the tracking signal of -4
D)the one where the tracking signal times the MAD equals zero

Question

Quizplus · Accepted Answer

A forecast with a MAD of zero indicates perfect accuracy in the forecast, meaning that the actual values matched the predicted values exactly. Therefore, a forecast with a MAD of zero is the best choice. The tracking signal and the equation involving it and MAD are measures of forecast error and do not necessarily indicate the accuracy of the forecast.

Which of These Forecasts Is the BEST