Asked by Alianna Jiminian on May 26, 2024
Verified
Calculate the MAD for this scenario.
A) 10.04
B) 8.99
C) 10.40
D) 9.25
Mean Absolute Deviation
A statistical measure of the average absolute deviations from a central point, typically the mean or median.
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- Recognize and calculate the mean absolute deviation (MAD) as an index of forecast discrepancy.
Verified Answer
MAD = 8.99. Therefore, the best choice is B.
Learning Objectives
- Recognize and calculate the mean absolute deviation (MAD) as an index of forecast discrepancy.
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