Question: 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

A forecasting method has produced the following

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% OD. cannot be calculated with the information given O E 14.87%

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)? 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 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)? 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? Actual Forecast Error Error 009 000 GONIN 17.21% 19.94% 20.17% 32.27% None f the...

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 ) ? \ 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 102 Forecast 110 1 2 116 120 125 3 4 110 120 120 113 5 100 O A.-4.4%...

Q:

Based on the information provided in the case scenario for Ron and Sandy Peterson, how much, if any, is allowable as a child tax credit for 2022? Ron Peterson, age 43, and Sandy Peterson, age 41, are...

Q:

Briefly explain the criteria an executive considers before pursuing an event marketing opportunity.

Q:

Question 1 6000 PointTips Answer ALL questions Question 1 Business Communication is a vital tool in the corporate world Describe at least 4 FOUR major barriers to Business Communication Komunikasi...

Q:

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...