MAD Forecast Error Measure | Concept

Ole Ersoy
Apr - 25  -  1 min

The Mean Absolute Deviation of a data set is the average of the sum of absolute deviations.

Example

Quarter History Forecast
2010-Q1 22 25
2010-Q2 19 21
2010-Q3 20 22

The sum of the absolute deviations is: |22-24| + |19-21| + |20-22| or 6.

The mean is 6/3 or 2.