A time series analysis was performed to determine the number of new online customers that joined the 'Jelly of the Month Club'. The actual number of new customers,the forecast values and error terms is presented in the following table.The mean absolute deviation (MAD) for this forecast is ___________.
A) -0.50
B) 0.50
C) 1.50
D) 7.00
E) 3.00
Correct Answer:
Verified
Q21: Using a three-month moving average,the forecast value
Q23: Using a three-month moving average (with weights
Q24: A time series with forecast values and
Q25: Unweighted price indexes compare across the entire
Q27: Using a three-month moving average,the forecast value
Q29: A time series with forecast values and
Q30: Using a three-month moving average (with weights
Q30: When forecasting with exponential smoothing, data from
Q33: In exponential smoothing models, the value of
Q40: Autocorrelation in a regression forecasting model can
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents