Mean absolute deviation-which forecast is the most accurate

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1. Forecast A has a MAD (Mean Absolute Deviation) of 6.7. Forecast B has a MAD (Mean Absolute Deviation) of 5.5. Which forecast is the most accurate?

2. Forecast Y has a MAPE (Mean Absolute Percent Error) of 9.8%. Forecast Z has a MAPE (Mean Absolute Percent Error) of 12.2%. Which forecast is the most accurate?

3. Forecast A has a MAD (Mean Absolute Deviation) of 12.7. Forecast B has a MSE (Mean Squared Error) of 7.8. Which forecast is the most accurate?

Reference no: EM131031716

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