What Is the Mean Absolute Deviation (MAD)if the Sum of the Absolute

question 81

Multiple Choice

What is the Mean Absolute Deviation (MAD) if the sum of the absolute forecast error over 12 periods is 174?

• A)10.5
• B)12
• C)14.5
• D)16

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Definitions:

P(B | A)

The probability of event B occurring given that event A has already occurred, representing a conditional probability.

Finalists

The remaining candidates in a competition or selection process who have passed through preliminary rounds and are considered for the final award or decision.

First And Second

Terms denoting the sequential order of events, items, phases, conditions, or priorities.

Revised Probabilities

Updated likelihoods, based on new evidence or information, that a particular event will happen.