given forecast errors of -5, -10 and +15 the mean absolute deviation (MAD) is 5) _…
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Question “given forecast errors of -5, -10 and +15 the mean absolute deviation (MAD) is 5) _…”
5) _ 5) Given forecast errors of -5, -10, and +15, the Mean Absolute Deviation (MAD) is: B) 30. C) 175 D) 0. E) 225 A) 10.
Answer
For MAD, we first calculate absolute Error.
Absolute Error = |-5| + |-10| + |15| = +30
MAD = Absolute Error/Number of errors = 30/3 = 10.
Therefore, A. is the best option. 10
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