Question: In reference to the above problem, what is its Mean Absolute Percent Deviation (MAPD)? The manager of the Secreto Carpet outlet needs to be able

In reference to the above problem, what is its

In reference to the above problem, what is its Mean Absolute Percent Deviation (MAPD)?

The manager of the Secreto Carpet outlet needs to be able to forecast accurately the demand for soft carpet, its biggest seller. If the manager does not order enough carpet from the carpet mill, customers will buy their carpets from one of Secretos many competitors. The manager has collected the following demand data for the past eight months. Months Demand for Soft Carpet (1,000 yd) 12 7 9 15 11 10 12

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