Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud Analytics Using Descriptive Predictive And Social Network Techniques A Guide To Data Science For Fraud Detection

Authors: Bart Baesens, Veronique Van Vlasselaer, Wouter Verbeke

1st Edition

1119133122, 978-1119133124

More Books

Students also viewed these Accounting questions