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Two-thirty in the afternoon is a measure of?
The answer is absolute time. 'Nuff said.
Absolute value is a measure of?
Absolute value is a measure of distance.
How do you find absolute deviation?
You do not have absolute deviation in isolation. Absolute deviation is usually defined around some measure of central tendency - usually the mean but it could be another measure. The absolute deviation of an observation x, about a measure m is |x - m| which is the non-negative value of (x - m). That is, |x - m| = x - m if x ≥ m and m - x if x < m
What is difference between absolute measure of dispersion and relative measures of dispersion?
The Absolute Measure of dispersion is basically the measure of variation from the mean such as standard deviation. On the other hand the relative measure of dispersion is basically the position of a certain variable with reference to or as compared with the other variables. Such as the percentiles or the z-score.
What is the primary purpose of the mean absolute deviation in forcasting?
to measure forecast accuracy.
