Consider the Following Forecast Errors A)1
B)1

Consider the following forecast errors.What is the Mean Absolute Deviation (MAD) ?
$$\begin{array} { | c | c | } \hline \text { Period } & \text { Error } \\\hline 1 & - 2 \\\hline 2 & 1 \\\hline 3 & 3 \\\hline 4 & 0 \\\hline 5 & - 1 \\\hline 6 & 2 \\\hline 7 & 4 \\\hline\end{array}$$

A) 1
B) 1.86
C) 7
D) 13
E) 5

Correct Answer:

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