The department manager using a combination of methods has forecast sales of toasters at a local department store.Calculate the MAD for the manager's forecast.Compare the manager's forecast against a naive forecast covering the same time period.Which is better?
Definitions:
Entrepreneur
An individual who starts, organizes, manages, and assumes the risks of a business or enterprise.
Small Companies
Organizations with a limited number of employees and revenue, often characterized by a narrow market focus.
Microloans
Small-business loans often used to buy equipment or operate a business.
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