Question: In the chapter, you learned about many metrics that can be used to evaluate forecast accuracy. The MAPE was one of those that may be
In the chapter, you learned about many metrics that can be used to evaluate forecast accuracy. The MAPE was one of those that may be the most common in use. Explain what the MAPE tells a forecaster.
Step by Step Solution
3.33 Rating (159 Votes )
There are 3 Steps involved in it
MAPE stands for Mean Absolute Percentage Error The MAPE is one form of an average error in a forecas... View full answer
Get step-by-step solutions from verified subject matter experts
