Question: A forecasting method has produced the following over the past five months. What is the mean absolute percent error (MAPE)? Actual 10 8 10 6

A forecasting method has produced the following over the past five months. What is the mean absolute percent error (MAPE)? Actual 10 8 10 6 9 O 19.8% O-19.5% O 22.6% O -24% O -20% Forecast 12 10 6 5 8 Error -2 -2 4 1 1 Error 2 2 4 1 1

A forecasting method has produced the following over the past five months. What is the mean absolute percent error (MAPE)? 19.8% 19.5% 22.6% 24% 20%

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