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
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
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Question
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F49763e71-0e57-4136-8413-cb20b198f194%2Ffb6dc6d3-3e11-437f-b754-988e7a59b56a%2Faj3pvkm_processed.png&w=3840&q=75)
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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