The following data reflects the number of cars sold at a local dealership over a ten-month period.
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Question:
The following data reflects the number of cars sold at a local dealership over a ten-month period. Calculate the MAPE for months 4 through 10 using a three month moving average forecast.
Time Period | Number of Cars Sold |
1 | 87 |
2 | 75 |
3 | 83 |
4 | 68 |
5 | 85 |
6 | 79 |
7 | 78 |
8 | 69 |
9 | 74 |
10 | 81 |
10.06%
8.14%
8.64%
9.51%
Related Book For
Business Statistics
ISBN: 978-0321925831
3rd edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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