Given forecast errors of −5, −10, and +15, the MAD is:
A)0.
B)10.
C)30.
D)175.
E)225.

Name: Given forecast errors of −5, −10, and +15, the MAD is: A)0. B)10. C)30. D)175. E)225.
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Quizplus · Accepted Answer

The Mean Absolute Deviation (MAD) is calculated by taking the absolute values of the forecast errors, summing them up, and then dividing by the number of errors. In this case, |−5| + |−10| + |+15| = 5 + 10 + 15 = 30, and then 30 / 3 = 10.

Given Forecast Errors of −5, −10, and +15, the MAD