Answer:
No, it is not. 1.25 is the same as 125%, not 25%.
Answer:
hope it helps you to understand
Answer:
The forecast is accurate within plus or minus 3.2 units
Step-by-step explanation:
Mean Absolute Deviation is a statistical measure of dispersion from forecast. It measures accuracy level of predicted forecast, by averaging the difference between absolute value of each error from forecasted value.
MAD for a forecast states that : Forecast is accurate within the expected range variation of Mean Absolute Deviation.
So : If the MAD for a forecast is 3.2, we can say that - The forecast is accurate within plus or minus 3.2 units
