Apex Mutual Fund invests primarily in technology stocks. The price of the fund share at the end
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Question:
Apex Mutual Fund invests primarily in technology stocks. The price of the fund share at the end of each month for the last 6 months of 2015 was forecasted and the forecast errors (actual-forecast) are given below. The value for the forecast accuracy measure of MAPE is
Month | Actual Price (Yt) | Forecast Error (et) |
July | 18.50 | -1.47 |
August | 17.99 | 1.12 |
September | 18.10 | -.85 |
October | 17.02 | 1.47 |
November | 18.00 | -1.07 |
December | 18.88 | .96 |
Select one:
a. 6.42
b. 1.39
c. 3.44
d. 1.16
e. None of the above
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