Answer: 4 is the slope
Step-by-step explanation:
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Everything has been explained in there
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
Give better description if they are both identical
First, find the different of the two weights
d = 1,200 - 550
d = 650
The different of the weights is 650
Second, to find the percentage, we should compare the difference to the former weight. So we compare 650 to 1,200, then multiply it to 100%
percentage = 650/1,200 × 100%
percentage = (65,000/1,200) %
percentage = 51.17%
percentage = 51%
The percent of increase is 51%