The mean absolute deviation is used to:
A)estimate the trend line
B)eliminate forecast errors
C)measure forecast accuracy
D)seasonally adjust the forecast
E)All of the above

Question

The mean absolute deviation is used to:
A)estimate the trend line 
B)eliminate forecast errors 
C)measure forecast accuracy 
D)seasonally adjust the forecast 
E)All of the above

Quizplus · Accepted Answer

The mean absolute deviation is a measure of forecast accuracy that quantifies how much the actual values deviate from the forecast values on average. It is not used to estimate the trend line, eliminate forecast errors, or seasonally adjust the forecast. Therefore, the best choice is C - measure forecast accuracy.

The Mean Absolute Deviation Is Used To