Given Forecast Errors of 6, 4, 0 and -2, What

question 76

Multiple Choice

Given forecast errors of 6, 4, 0 and -2, what is the mean absolute deviation?

• A) 2
• B) 3
• C) 4
• D) 2.67
• E) none of the above

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Definitions:

Customer Arrivals

The rate or pattern at which customers enter a service area, store, or website, crucial for demand forecasting and resource planning.

Empirical Distribution

An empirical distribution is a probability distribution derived from observed data, without assuming any initial distribution model.

Fit Distribution

The process of determining which probability distribution best matches a set of data.