Question: n an effort to determine which forecast method came closer to your actual sales, calculate the Mean Absolute Percentage Error using the graph below. Calculate
n an effort to determine which forecast method came closer to your actual sales, calculate the Mean Absolute Percentage Error using the graph below. Calculate MAPE for each forecast method and determine which is a "better" method for predicting future sales. Month Actual Sales Method 1 Method 2 e1 e2|e1||e2||e1|/A |e2|/A J 353322340311331130.0880.037 F 321310330 M 36233137231-1031100.0860.028 A 3703403643063060.0810.016 M 38236238520-32030.0520.008 J 3773703917-147140.0190.037 J 392400391-81810.0200.003 A 404395410 sum divide by 8 The MAPE % for Method 1= multiply by 100 MAPE = The MAPE % for Method 2= Which forecasting method is better
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