The forecast data matches the actual data perfectly if the mean absolute deviation is 0.0.

Name: The forecast data matches the actual data perfectly if the mean absolute deviation is 0.0.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The mean absolute deviation (MAD) measures the average distance between the forecasted values and the actual values. If the MAD is 0.0, it means there is no deviation between the forecasted values and the actual values, indicating a perfect match. Therefore, the statement is true.

The Forecast Data Matches the Actual Data Perfectly If the Mean