What Is the Mean Absolute Deviation of the Following Forecasts

question 15

Multiple Choice

What is the mean absolute deviation of the following forecasts? Month Actual Sales Forecast
January68 60
February 48 50
March 50 60
April 30 30

• A)  1
• B) 5
• C)20
• D) 1
• E)42

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Definitions:

Awards and Money

Acknowledgments or rewards, often in the form of trophies or cash, given to individuals or groups for their achievements or performance.

Transformational Organizational Model

A framework for organizations that emphasize innovation, flexibility, and adaptive change to inspire and engage employees towards achieving higher levels of performance.

Communicating

The process of transferring information, ideas, thoughts, and feelings between people through speech, writing, signals, or behavior.

Bureaucratic Approach

A method of organization emphasizing a structured hierarchy, strict rules, and a clear division of responsibilities to achieve efficiency.