Question
Consider the following results from the last ten periods of student enrollment forecast by the Operations Management department chairman. Period Forecast Actual 1 25 26
Consider the following results from the last ten periods of student enrollment forecast by the Operations Management department chairman.
| Period | Forecast | Actual |
| 1 | 25 | 26 |
| 2 | 32 | 31 |
| 3 | 42 | 45 |
| 4 | 53 | 50 |
| 5 | 64 | 70 |
| 6 | 70 | 72 |
| 7 | 81 | 78 |
| 8 | 88 | 90 |
| 9 | 95 | 91 |
| 10 | 102 | 107 |
Determine the mean absolute error (MAD, round to one decimal place).
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
