Multiple Choice
A forecasting method has produced the following data over the past 5 months shown in the data set.What is the mean absolute deviation (accurate to 1 decimals) ?
A) 10.0
B) -1.2
C) 2.0
D) 2.4
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q35: When linear trend forecasts are developed, demand
Q36: Toymaker Spin Master, did not properly forecast
Q37: In 2016, Spin Master, did not properly
Q39: Random variations represent either increasing or decreasing
Q41: List and Explain two types of qualitative
Q42: Quantitative forecasting methods are based on opinions
Q42: A positive error implies that a forecast
Q43: Minimizing the negative impacts of the bullwhip
Q44: Based on the information in the data
Q45: The smoothing constant for exponential smoothing must