What is the value of the mean absolute deviation
What is the value of the mean absolute deviation (MAD) for the forecasting technique whose forecasts for four past periods and the subsequent actual values are given below? Actual 129 134 138 142Forecast 136 126 130 146
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What is the value of the mean absolute deviation (MAD) for the forecasting technique whose forecasts for four past periods and the subsequent actual values are given below?
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Is the sample mean of 7.2 exactly the same as the population mean? If another sample of 1000 companies is taken, do you expect the sample mean to be 7.2 again? Why or why not?
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