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

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

Practical Management Science
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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Question 1 ABC Restaurant has made a forecast for last week's operations vs Actual result of the forecast last week. Period Monday Tuesday Actual 112 110 113 120 140 Forecast 115 104 Wednesday 110 Thursday 115 Friday 135 Using this table above, solve for Mean Absolute Deviation (MAD) Note: Round up to the last 2 decimals example 9.6568->9.66
Transcribed Image Text:Question 1 ABC Restaurant has made a forecast for last week's operations vs Actual result of the forecast last week. Period Monday Tuesday Actual 112 110 113 120 140 Forecast 115 104 Wednesday 110 Thursday 115 Friday 135 Using this table above, solve for Mean Absolute Deviation (MAD) Note: Round up to the last 2 decimals example 9.6568->9.66
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