Question 1ABC Restaurant has made a forecast for last week's operations vs Actualresult of the forecast last week.PeriodMondayTuesdayActual112110113120140Forecast115104Wednesday110Thursday115Friday135Using this table above, solve for Mean Absolute Deviation (MAD)Note: Round up to the last 2 decimals example 9.6568->9.66

MAD is the average of the absolute deviations calculated of each period. Absoluture error =…

Answered: Monday Tuesday Wednesday Thursday…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.6: Moving Averages Models

Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...

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Monday Tuesday Wednesday Thursday Friday Using this table above, solve for Mean Absolute Deviation (MAD) Note: Round up to the last 2 decimals example 9.6568->9.66 110 113 120 140 W 104 110 115 135