Determine the mean absolute deviation for forecast, Basic Statistics

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Determine the mean absolute deviation for forecast

A time series with forecast values and error terms is presented in the following table. The mean absolute deviation (MAD) for this forecast is ___________.

Month Actual Forecast Error
July 5
Aug 11 5 6.00
Sept 13 6.8 6.20
Oct 6 8.66 -2.66
Nov 5 7.862 -2.86

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Basic Statistics: Determine the mean absolute deviation for forecast

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Basic Statistics: Determine the mean absolute deviation for forecast

Reference No:- TGS094881

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Recent Questions Asked Basic Statistics

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Determine the mean absolute deviation for forecast

Reference No:- TGS094881

Recent Questions Asked Basic Statistics

Q : What is expected gain if a gambler places one bet

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