Exam Question
An aluminium extruder forecasted the demand for pipe extrusions to be 500 units per month
for each of three months. The actual demands turned out to be 400, 560 and 700. The forecast
error in terms of MAD(Mean Absolute Deviation) is:
- 1. -50 units
- 2. 125 units
- 3. 120 units
- 4. 53 units
View Answer
Answer 4. 53 units
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