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A Company Has Developed a Linear Trend Model to Forecast

Question 53

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A company has developed a linear trend model to forecast monthly sales. The following data show the actual sales and the "fitted" sales for months 1-12. A company has developed a linear trend model to forecast monthly sales. The following data show the actual sales and the  fitted  sales for months 1-12.   Based on these data, what is the value for the mean absolute deviation for months 1-12? A)  Approximately 975 B)  About 81 C)  Nearly 150 D)  None of the above Based on these data, what is the value for the mean absolute deviation for months 1-12?


A) Approximately 975
B) About 81
C) Nearly 150
D) None of the above

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