Question: 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

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.

    8.2%

  • C. 8.2
  • D.

    -3

  • E.

    9.0

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