Question: A forecasting method has produced the following over the past five months. What is the mean absolute percentage error ( MAPE ) ? table

A forecasting method has produced the following over the past five months. What is the mean absolute percentage error (MAPE)?
\table[[Actual,Forecast],[11,13],[5,10],[11,8],[7,6],[13,8]]
A.0.00%
B. cannot be calculated with the information given
C.34.04%
D.39.64%
E.31.87%
 A forecasting method has produced the following over the past five

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!