Consider the following to answer the question(s) below:
The following table shows actual sales values and forecasts.

-The MAD for the forecasting method used is
A) 7.112.
B) 9.187.
C) 82.656.
D) 113.899.
E) 8.534.

Question

Consider the following to answer the question(s) below:
The following table shows actual sales values and forecasts.
 
-The MAD for the forecasting method used is
A) 7.112. 
B) 9.187. 
C) 82.656. 
D) 113.899. 
E) 8.534.

Quizplus · Accepted Answer

The MAD is calculated as the average of the absolute differences between the actual and forecast values. The MAD for the forecasting method used is 7.112.

Consider the Following to Answer the Question(s) Below