Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. A time series with forecast values and error terms is presented in the following table. The mean absolute deviation (MAD) for this forecast is
1. A time series with forecast values and error terms is presented in the following table. The mean absolute deviation (MAD) for this forecast is Answer. (Calculate to two decimal places. X.XX) Month Actual Forecast Error July 5 11 5 6 August September October 13 6.8 6.2 6 8.66 -2.66 November 5 7.862 -2.862
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started