What is the mean absolute deviation mad of the ma

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Reference no: EM133265091

Consider the data in the aircraft components example. The actual numbers of component failures in quarters 4 to 8 are 186, 225, 285, 305, and 190, respectively. The MA(3) forecasts in quarters 4 to 8 are 208.33, 203.67, 195.33, 232.00, and 271.67, respectively. What is the mean absolute deviation (MAD) of the MA(3) method? Use two decimal places in your calculations. Do not round the numbers to the nearest integer.

Reference no: EM133265091

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