Solved

Using the Data Shown Below in Table 1, Compute the Mean

Question 10

Multiple Choice

Using the data shown below in Table 1, compute the mean square error, mean absolute deviation, and mean absolute percentage error for the forecasts shown and then answer Questions
Table 1
 Month  Forecast Demand  Actual Demand  April 170180 May 225200 June 210200 July 260240 August 200230\begin{array}{|l|c|c|}\hline \text { Month } & \text { Forecast Demand } & \text { Actual Demand } \\\hline \text { April } & 170 & 180 \\\hline \text { May } & 225 & 200 \\\hline \text { June } & 210 & 200 \\\hline \text { July } & 260 & 240 \\\hline \text { August } & 200 & 230 \\\hline\end{array}
-The mean absolute deviation (MAD) is:


A) less than or equal to 20.
B) more than 20 but less than or equal to 30.
C) more than 30 but less than or equal to 40.
D) more than 40 but less than or equal to 50.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents