Question

12. What is the mean absolute deviation (MAD) for the following data? Forecasts 140 Year 2010 2011 2012 2013 2014 Sales 123 1

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer: 12

Explanation:

Absolute Deviation = | Sales - Forecast|

Absolute Deviation for year 2010 = 17

Absolute Deviation for year 2011 = 7

Absolute Deviation for year 2012 = 9

Absolute Deviation for year 2013 = 20

Absolute Deviation for year 2014 = 7

MAD = Average of Absolute Deviation = Sum of Absolute Deviation/5 = 60/5 = 12

Add a comment
Know the answer?
Add Answer to:
12. What is the mean absolute deviation (MAD) for the following data? Forecasts 140 Year 2010...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Use the following table for a hypothetical single-product economy. Assume that 2010 is the base year....

    Use the following table for a hypothetical single-product economy. Assume that 2010 is the base year. YEAR Quantity Price per unit Price Index Nominal GDP Real GDP 2010 100 10 2011 120 20 2012 125 25 2013 130 30 2014 140 40 2015 150 50 2016 200 55 2017 205 60 Complete the table by calculating the Price index, Nominal GDP and Real GDP.

  • Given the following data, what is the Mean Absolute Deviation (MAD): Month Demand Forecast Jan 100...

    Given the following data, what is the Mean Absolute Deviation (MAD): Month Demand Forecast Jan 100 110 Feb 100 100 Mar 120 100 Apr 110 90 May 100 110 Jun 90 100 Jul 80 90 Aug 90 80 Sep 100 110 Oct 110 100 Nov 110 110 Dec 120 110 A. 10 B. 20 C. 30 D. 133.33

  • Assume you are analyzing a time series of 12 observations. Using a 3-period moving average, you...

    Assume you are analyzing a time series of 12 observations. Using a 3-period moving average, you successfully calculate the Mean Absolute Error (MAE), Mean Square Error (MSE), and Mean Absolute Percentage Error (MAPE) for each forecasted time period. You then sum the error calculations for each time period for each of the three error calculation techniques respectively. You end up with: MAE 53.5, MSE 547.25, and MAPE 44.15%. To complete your error calculation and compare the accuracy of the 3-period...

  • 5. XYZ Company recorded the following sales with their marketing budget for the past 12 years Mar...

    5. XYZ Company recorded the following sales with their marketing budget for the past 12 years Markets 99 95 90105 110 108 125 118 122 108 128 140 ) Construct a scatter plot of y (sales) versus xi (year). Discuss whether the scatter plot suggests a simple Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Sales 138 135 146 126 142 152 146 168 172 184 164 192 linear regression model might be appropriate. Calculate...

  • You are projecting future sales and have constructed a linear model using historical sales data for...

    You are projecting future sales and have constructed a linear model using historical sales data for each of the four quarters between years 2011 and 2014. Answer questions 24-28 using the information below Regression Statistics Multiple R Obs Quarter Year Sales Sales 1 1 2011 71 0.995 2 2 2011 49 R Square 0.990 90 3 3 2011 58 Adjusted R Square 0.986 80 4 4 2011 78 Standard Error 1561 70 1 2012 68 Observations 16 60 6 2...

  • Question 1: Predict a reasonable molecular formula for the following mass spectra (12 pts) (1 bonus...

    Question 1: Predict a reasonable molecular formula for the following mass spectra (12 pts) (1 bonus point each for drawing a reasonable structure) a) 100- rel. int. 11 50- 43 109 27 1101 135 55 136 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160

  • Using the model, predict sales for the fourth quarter of year 2015 You are projecting future...

    Using the model, predict sales for the fourth quarter of year 2015 You are projecting future sales and have constructed a linear model using historical sales data for each of the four quarters between years 2011 and 2014. Answer questions 24-28 using the information below Regression Statistics Obs Quarter Year Sales Sales 1 2011 71 Multiple R 0.995 7 2011 49 R Square 0.990 90 58 3 2011 Adjusted R Square 0.986 80 4 2011 78 Standard Error 1.561 70...

  • Find the mean and standard deviation of the times and icicle lengths for the data on...

    Find the mean and standard deviation of the times and icicle lengths for the data on run 8903 in data data322.dat. Find the correlation between the two variables. Use these five numbers to find the equation of the regression line for predicting length from time. Use the same five numbers to find the equation of the regression line for predicting the time an icicle has been growing from its length. Round your answers to three decimal places time length 10...

  • A sample of number of NFL injuries including Concussion, ACL tears, MCL tears and PCL tears...

    A sample of number of NFL injuries including Concussion, ACL tears, MCL tears and PCL tears from 1999 to 2019 are as follows 1 : 4- Conduct an Analysis of Variance for the four groups concussion, ACL, MCL and PCL. (alpha=1%) PCL Year 1999 2000 2001 2002 2003 2004 2005 2006 MCL 95 102 125 123 98 130 85 93 78 81 145 137 65 102 96 105 83 75 78 2007 2008 2009 2010 NFL Injuries Concussion ACL 185...

  • DO NOT ANSWER AT ALL IF YOU ARE ONLY ANSWERING 5 QUESTIONS THANK YOU True or...

    DO NOT ANSWER AT ALL IF YOU ARE ONLY ANSWERING 5 QUESTIONS THANK YOU True or false Process design includes selecting the appropriate technology, sizing the process over time, determining the role of inventory in the process, and locating the process. Operations and supply chain strategy is concerned with setting broad policies and plans for using the resources of a firm and must be integrated with corporate strategy. "Social" pertains to fair and beneficial business practices toward labour, the community,...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT