Based on the forecast errors of 5, 0, -4, and 3, what is the MAD? Multiple Choice 2.5 3 4 2 1

total Inputs(N) =(5,0,-4,3)
Total Inputs (N)=4
Mean(xm)= (x1+x2+x3…xN)/N
Mean(xm)= 4/4
Means(xm)= 1
——————————————-
MAD=
1/(N)*(|x1-xm|+|x2-xm|+..+|xN-xm|)
=1/4(|5-1|+|0-1|+|-4-1|+|3-1|)
=1/4(4+1+5+2))
=3
So correct option is option B
 
“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”

What Students Are Saying About Us

.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐
"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"

.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."

"Order a Custom Paper on Similar Assignment! No Plagiarism! Enjoy 20% Discount"