Solved

Measured by the Mean Absolute Deviation,which of the Forecast Methods

Question 28

Multiple Choice

Measured by the mean absolute deviation,which of the forecast methods (1,2,or 3) provides the highest degree of forecast accuracy for the five weeks of data shown below? Measured by the mean absolute deviation,which of the forecast methods (1,2,or 3) provides the highest degree of forecast accuracy for the five weeks of data shown below? A) Method 1. B) Method 2. C) Method 3. D) Methods 1 and 2 are equal. E) Methods 2 and 3 are equal.


A) Method 1.
B) Method 2.
C) Method 3.
D) Methods 1 and 2 are equal.
E) Methods 2 and 3 are equal.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q23: Actual demand is always equivalent to actual

Q24: The major components (patterns)of a time series

Q25: Forecast error is used for all of

Q26: Describe each of the five demand components

Q27: United Colors of Benetton is facing a

Q29: What is the exponentially smoothed forecast for

Q30: Using a three-period weighted moving average model

Q31: Which of the following best describes the

Q32: If one time series model is used

Q33: Given the following weekly demand figures, <img