Forecast a has a mad mean absolute deviation of 67 forecast, Operation Management

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Forecast a has a mad mean absolute deviation of 67 forecast

1. Forecast A has a MAD (Mean Absolute Deviation) of 6.7. Forecast B has a MAD (Mean Absolute Deviation) of 5.5. Which forecast is the most accurate?

2. Forecast Y has a MAPE (Mean Absolute Percent Error) of 9.8%. Forecast Z has a MAPE (Mean Absolute Percent Error) of 12.2%. Which forecast is the most accurate?

3. Forecast A has a MAD (Mean Absolute Deviation) of 12.7. Forecast B has a MSE (Mean Squared Error) of 7.8. Which forecast is the most accurate?

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Operation Management: Forecast a has a mad mean absolute deviation of 67 forecast

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