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Question at position 6 Jen is forecasting weekly demand for hamburger buns for her food truck business. The forecast for the most recent weeks, along with actual sales, is shown in the table below [table] Period | Actual | Forecast 1 | 245 | 257 2 | 246 | 265 3 | 261 | 249 4 | 251 | 260 [/table] Calculate the MAD for this scenario. (Round your answer to 1 decimal point).Jen is forecasting weekly demand for hamburger buns for her food truck business. The forecast for the most recent weeks, along with actual sales, is shown in the table below [table] Period | Actual | Forecast 1 | 245 | 257 2 | 246 | 265 3 | 261 | 249 4 | 251 | 260 [/table] Calculate the MAD for this scenario. (Round your answer to 1 decimal point).[input]
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Let's examine the data and what MAD represents in forecasting accuracy. MAD stands for Mean Absolute Deviation, which is the average of the absolute differences between actua......Login to view full explanationLog in for full answers
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