[See Steps] What is MAD, and why is it important in the selection and use of forecasting
Question: What is MAD, and why is it important in the selection and use of forecasting models?
Deliverable: Word Document 
![[Steps Shown] Develop a four-month moving average](/images/solutions/MC-solution-library-46824.jpg "[Steps Shown] Develop a four-month moving average forecast for Wallace")
[Steps Shown] Develop a four-month moving average forecast for Wallace
(Solution Library) Using MAD, determine whether the forecast in Problem
![[Solution] Data collected on the yearly demand](/images/solutions/MC-solution-library-46826.jpg "[Solution] Data collected on the yearly demand for SO-pound bags")
[Solution] Data collected on the yearly demand for SO-pound bags
![[Solution] Sales of Cool-Man air conditioners have](/images/solutions/MC-solution-library-46827.jpg "[Solution] Sales of Cool-Man air conditioners have grown steadily")
[Solution] Sales of Cool-Man air conditioners have grown steadily
![[Solution] Using smoothing constants of 0.6 and](/images/solutions/MC-solution-library-46828.jpg "[Solution] Using smoothing constants of 0.6 and 0.9, develop forecasts")
[Solution] Using smoothing constants of 0.6 and 0.9, develop forecasts
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