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Mean absolute deviation for forecasting approach

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Reference no: EM132464734

January     474

February    485

March      501

April        588

May        579

June        673

July         594

August      679

September   608

October     699

November   732

December   732

If the owner decides that the safest forecasting approach is a moving average of two periods. Generate a forecast for the year using this technique and then calculate forecast errors using MAD. What is the mean absolute deviation for this forecasting approach?

Reference no: EM132464734

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