Professional Documents
Culture Documents
CH 07
CH 07
POWELL
KENNETH R. BAKER
actual
• MAD: the Mean Absolute
Deviation between forecast
v
1
MAD = Ft xt
and actual (u v 1) t u
• MAPE: the Mean Absolute
Percent Error between 1 v
Ft xt
forecast and actual MAPE =
(u v 1) t u xt
Ft+1 = St + Tt