1. Working with Planning
  2. Predictive Planning Forecasting and Statistical Descriptions
  3. IPM Insights Metrics
  4. MAD (Mean Absolute Deviation)

MAD (Mean Absolute Deviation)

Description

Mean Absolute Deviation is a simple extension of the absolute variance. It sums up the absolute variances and divides the result by the number of records. Mean absolute deviation is an error statistic that averages the distance between each pair of actual and fitted data points.

Formula


MAD formula calculation

Example


MAD example