**Forecasting Accuracy Comparison**Forecasting method A has errors of 10, -15, 5, and 20. Forecasting method B has errors of -10, 4, 16, and -8. - The Mean Absolute Deviation (MAD) of method A is equal to [blank].- The MAD of method B is equal to [blank].Based on MAD, method [blank] is more accurate than method [blank].

Forecasting is a method of predicting the unknown. In other words, it is a step forward by looking…

Answered: Forecasting method A has errors of 10,…

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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Forecasting method A has errors of 10, -15, 5 and 20. Forecasting method B has errors of -10, 4, 16 and -8. The MAD of method A is equal to The MAD for method B is equal to is more accurate than method Based on MAD, method