.A forecasting method has produced the following over the past five monthsActual140Forecast1541401121408412611284112?What is the mean absolute deviation14-O16.82.8-116.2

Deviation refers to the difference between two values that provide information about the gap. Mean…

Answered: A forecasting method has produced the…

A forecasting method has produced the following over the past five months Actual Forecast 140 154 112 140 140 112 84 84 126 112 ?What is the mean absolute deviation 14- 16.8 2.8- 116.2

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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these are the dataset College Distance,Dist,Ed0.7,122.2,120.3,160,123.6,121,140.1,150.5,140.3,160.4,121,127.5,120.5,121.8,122.5,141.7,160.5,161,120.5,153,163.6,135,162,120.3,123,121.3,140.5,163.5,162,153.2,120.7,130.5,130.7,130.3,121,121.5,121.2,166.5,120.7,135,152.5,150.1,160,161,120.5,130.2,160.4,132.6,151,130.3,120.5,150.5,171.5,174,124,140,131.5,120.1,122,120.3,160.1,144,163,122.2,120.1,120.7,150.3,153.3,150.1,130.7,153.5,122.6,125,157,120.8,120.3,150.8,130.5,120.5,150.8,131.5,120.3,120.3,1515,164.5,142.5,131.1,121.5,120.3,170,120.1,174,125.6,124.5,130.2,152.5,1216,120.5,130.2,122,16
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