Question: A forecasting method has produced the following over the past five months. What is the mean absolute percent error? Month Actual 102 Forecast 110 1

A forecasting method has produced the following

A forecasting method has produced the following over the past five months. What is the mean absolute percent error? Month Actual 102 Forecast 110 1 2 116 120 125 3 4 110 120 120 113 5 100 O A.-4.4% B. 10.2% C. 7.5% D. 8.0 E. 37.3%

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!