Question 1ABC Restaurant has made a forecast for last week's operations vs Actualresult of the forecast last week.PeriodMondayTuesdayActual112110113120140Forecast115104Wednesday110Thursday115Friday135Using this table above, solve for Mean Absolute Deviation (MAD)Note: Round up to the last 2 decimals example 9.6568->9.66

Absolute error = |actual-forecast| MAD = Average |actual-forecast|

Answered: 140 Friday Using this table above,…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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140 Friday Using this table above, solve for Mean Absolute Deviation (MAD) xample 9.6568->9.66