A company recorded monthly actual demand and the forecast for its product over the past five months. Compute MAD for October. [Select the appropriate range in which your answer falls.]

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Question 30-
A company recorded monthly actual demand and the forecast for its product over
the past five months. Compute MAD for October. [Select the appropriate range in
which your answer falls.]
Month
Actual
Demand
June
July
August
September 24
October 26
20
23.
21
Forecast
18
22
23
24
27
More than 0 but less than or equal to 1.25
More than 1.25 but less than or equal to 1.50
More than 1.50 but less than or equal to 2.0
More than 2.0 but less than or equal to 2.25
More than 2.25
Transcribed Image Text:Question 30- A company recorded monthly actual demand and the forecast for its product over the past five months. Compute MAD for October. [Select the appropriate range in which your answer falls.] Month Actual Demand June July August September 24 October 26 20 23. 21 Forecast 18 22 23 24 27 More than 0 but less than or equal to 1.25 More than 1.25 but less than or equal to 1.50 More than 1.50 but less than or equal to 2.0 More than 2.0 but less than or equal to 2.25 More than 2.25
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