Given forecast errors of -5,-10,and 15,what is the mean absolute deviation?
A)0
B)5
C)10
D)30
E)None of the above

Name: Given forecast errors of -5,-10,and 15,what is the mean absolute deviation? A)0 B)5 C)10 D)30 E)None of the above
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Question

Given forecast errors of -5,-10,and 15,what is the mean absolute deviation?
A)0 
B)5 
C)10 
D)30 
E)None of the above

Quizplus · Accepted Answer

The mean absolute deviation is calculated by taking the absolute values of the forecast errors, summing them, and then dividing by the number of errors. The absolute values are 5, 10, and 15, which sum to 30. Dividing by 3 gives a mean absolute deviation of 10.

Given Forecast Errors of -5,-10,and 15,what Is the Mean Absolute