The mean absolute deviation (mad) is used to: 1. estimate the trend line 2. eliminate forecast errors 3. measure forecast accuracy 4. seasonally adjust the forecast
Answers
Answered by
0
Answer:
3. measure forecast accuracy
Hello. I hope this helps you. All the best!!!
Step-by-step explanation:
MAD is a measure of spread, similar to standard deviation (one is just arithmetic mean of absolute values, the other is root-mean-square).
In modelling (and so in forecasting), it provides a measure of accuracy.
Similar questions