ABC Company regularly evaluates the accuracy of its current forecasting technique by determining Mean Absolute Percent...
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ABC Company regularly evaluates the accuracy of its current forecasting technique by determining Mean Absolute Percent Error (MAPE). Use the data below to determine the MAPE value for the forecasts for Weeks 1 through 5. Show work in the table below and round calculations (%) and final answer (%) for MAPE to two decimal points, e.g., 12,99%. Week 1 2 3 4 5 Actual Value 40 43 60 72 60 MAPE Forecasted Value 43 51 57 74 58 ΣΑ, -Ε A₁ I MAPE n x100 ABC Company regularly evaluates the accuracy of its current forecasting technique by determining Mean Absolute Percent Error (MAPE). Use the data below to determine the MAPE value for the forecasts for Weeks 1 through 5. Show work in the table below and round calculations (%) and final answer (%) for MAPE to two decimal points, e.g., 12,99%. Week 1 2 3 4 5 Actual Value 40 43 60 72 60 MAPE Forecasted Value 43 51 57 74 58 ΣΑ, -Ε A₁ I MAPE n x100
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Answer rating: 100% (QA)
Week Actual Value Forecasted Value Absolute Error Percent Error 1 40 43 ... View the full answer
Related Book For
Operations management processes and supply chain
ISBN: 978-0136065760
9th edition
Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra
Posted Date:
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