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

A forecasting method has produced the following over the past five months. What is the mean absolute percentage error(MAPE)?
Actual
Forecast
11
13
5
10
11
8
7
6
13
8

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!

Q:

A forecasting method has produced the following over the past five months. What is the mean absolute percentage error (MAPE)? Actual Forecast 10 13 8 10 10 8 6 6 9 8 A. 18.60% B. 0.00% C. 17.22% D....

Q:

A forecasting method has produced the following over the past five months. What is the mean absolute percentage error (MAPE)? Actual 10 8 10 6 9 Forecast 13 10 8 6 8 O A. 17.22% OB. 0.00% O C. 18.60%...

Q:

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...

Q:

A forecasting method has produced the following over the past five months. What is the mean absolute percentage error (MAPE)? A. 0.00% B. 31.87% C. 34.04% D. cannot be calculated with the information...

Q:

A forecasting method has produced the following over the past five months. What is the mean absolute percentage error (MAPE)? A. 34.04% A. 34.04% B. 31.87% C. 39.64% D. cannot be calculated with the...

Q:

A forecasting method has produced the following over the past five months. What is the mean absolute percentage error ( MAPE ) ? \ table [ [ Actual , Forecast ] , [ 1 1 , 1 3 ] , [ 5 , 1 0 ] , [ 1 1...

Q:

A forecasting method has produced the following over the past five months. What is the mean absolute percentage error (MAPE)? A. 31.87% B. 39.64% C. 34.04% D. 0.00% E. cannot be calculated with the...

Q:

A forecasting method has produced the following over the past five months. What is the mean absolute percent error? Month Actual Forecast 1 102 110 2 120 116 3 125 120 4 110 120 5 100 113

Q:

A forecasting method has produced the following over the past five months. What is the mean absolute percent error? Month Actual Forecast 1 102 110 2 120 116 3 125 120 4 110 120 5 100 113

Q:

A forecasting method has produced the following over the past five months. What is the mean absolute percent error? Month Actual Forecast 1 121 110 2 120 116 3 125 130 4 110 120 5 98 113 A. 45 B....

Q:

Compute trend percentages for Palm Valley Sales & Services total revenue, and net income for the following five-year period, using year 0 as the base year. Round to the nearest full percent. Which...

Q:

Jill has a utility for money given by u(x) = ex/10,000. Jill has just purchased a computer and can enroll in a one year insurance plan. Jill has $50,000 and would have to pay $600 dollars if the...

Q:

1. Convert the following propositions and state whether the converse is logically equivalent or not logically equivalent to the given proposition. a. All hurricanes are storms intensifi ed by global...

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...