Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements best describes the meaning of MAD (Mean Absolute Deviation)? Group of answer choices MAD is for manufacturing industries. MAD is

Which of the following statements best describes the meaning of MAD (Mean Absolute Deviation)? Group of answer choices MAD is for manufacturing industries. MAD is for service industries. MAD shows whether the forecasting model is underestimating or over estimating. MAD measures the average distance between actual demand and the forecast

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

Research Methods for Business A Skill Building Approach

Authors: Uma Sekaran, Roger Bougie

7th edition

978-1-119-2668, 1119165555, 1119165552, 9781119266846, 111926684X, 978-1119165552

More Books

Students also viewed these General Management questions

Question

Which of the following does not aid in encoding?

Answered: 1 week ago

Question

What is the role of influencers in building a brand

Answered: 1 week ago