Suppose the actual sales and the forecasted or smoothed sale
Suppose the actual sales and the forecasted, or smoothed sales, for the past 5 months have been:
Actual
Smoothed
54.4
76.8
54.4
75.5
72.3
53.2
74.8
39.2
57.6
What is the Mean Absolute Error of the smoothed series? (please show your work round your answer to 1 decimal place)
| Actual | Smoothed |
| 54.4 | |
| 76.8 | 54.4 |
| 75.5 | 72.3 |
| 53.2 | 74.8 |
| 39.2 | 57.6 |
Solution
