Purchase Solution

Mean Absolute deviation

Not what you're looking for?

Ask Custom Question

A certain forecasting method would procuse the forecast show in the bottom row for the last four months, as compared to actual demand in the same four months as shown in the middle row. What is the MAD (Mean Absolute deviation)?

Month -4 -3 -2 -1
Actual Demand 105 100 95 90
Forecast 102 101 110 111

a. 102.5
b. 97
c. 10
d. 4

Please explain.

Purchase this Solution

Solution Summary

Mean Absolute deviation is demonstrated.

Purchase this Solution


Free BrainMass Quizzes
Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.