Given forecast errors of 5, 0, −4, and 3, what is the mean absolute deviation?
A) 1
B) 2
C) 2.5
D) 3
E) 12

Name: Given forecast errors of 5, 0, −4, and 3, what is the mean absolute deviation? A) 1 B) 2 C) 2.5 D) 3 E) 12
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Question

Quizplus · Accepted Answer

Mean absolute deviation is the average of the absolute values of the errors. In this case, the absolute values of the errors are 5, 0, 4, and 3. The average of these values is 3, so the mean absolute deviation is 3.

Given Forecast Errors of 5, 0, −4, and 3, What