Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The forecasts in the last four periods were 11, 20, 35, and 29 units. The actual demands were 16, 27, 35, and 24 units. What

The forecasts in the last four periods were 11, 20, 35, and 29 units. The actual demands were 16, 27, 35, and 24 units. What is the mean absolute deviation for this forecast? (provide two digits to the right of the decimal point)

Step by Step Solution

3.40 Rating (144 Votes )

There are 3 Steps involved in it

Step: 1

Mean Absolute Deviation MAD is a statistical measure u... 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_2

Step: 3

blur-text-image_3

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

Introduction To Management Science A Modeling And Cases Studies Approach With Spreadsheets

Authors: Frederick S. Hillier, Mark S. Hillier

5th Edition

978-0077825560, 78024064, 9780077498948, 007782556X, 77498941, 978-0078024061

More Books

Students also viewed these General Management questions

Question

Would you investigate to learn more about this Club? How?

Answered: 1 week ago