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Question 1 1 Mean absolute deviation in a forecasting model: A . Is unnecessary if a 9 9 % range is computed B . Measures

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11

Mean absolute deviation in a forecasting model:

.

Is unnecessary if a

99 %

range is computed

.

Measures the average difference between the forecast and the realized demand.

.

Represents the systematic component of a forecast.

.

Ensures that the forecast is equal to the actual demand.

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