Given the Following Data, Compute the MAD for the Forecast $$\begin{array} { | l | l | l | } \hline 2001 & 16 & 18 \\\hline 2002 & 20 & 19 \\\hline 2003 & 18 & 24 \\\hline\end{array}$$

question 60

Short Answer

Given the following data, compute the MAD for the forecast.
Year Demand Forecast
$$\begin{array} { | l | l | l | } \hline 2001 & 16 & 18 \\\hline 2002 & 20 & 19 \\\hline 2003 & 18 & 24 \\\hline\end{array}$$

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Definitions:

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