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    Mean absolute deviation

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    Given forecast errors of -1, 4, 8 and -3, what is the mean absolute deviation:

    2
    3
    4
    8
    16.

    © BrainMass Inc. brainmass.com December 24, 2021, 7:27 pm ad1c9bdddf
    https://brainmass.com/business/strategy-and-business-analysis/calculate-mean-absolute-deviation-190463

    SOLUTION This solution is FREE courtesy of BrainMass!

    Given forecast errors of -1, 4, 8 and -3, what is the mean absolute deviation:

    2
    3
    4
    8
    16

    Answer: 4

    Mean Absolute deviation = Sum of Absolute values of errors / n = (1+ 4+ 8 + 3)/ 4 = 4.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    © BrainMass Inc. brainmass.com December 24, 2021, 7:27 pm ad1c9bdddf>
    https://brainmass.com/business/strategy-and-business-analysis/calculate-mean-absolute-deviation-190463

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