Given forecast errors of 5, 15, and −5, what is the mean absolute deviation? a.6.67 b.5 c.8.33 d.15 e.25

Contemporary Marketing
18th Edition
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Louis E. Boone, David L. Kurtz
Chapter14: Pricing Strategies
Section14.2: Forecasting Demand
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Given forecast errors of 5, 15, and −5, what is the mean absolute deviation?

a.6.67
b.5
c.8.33
d.15
e.25
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