Question: Please can you help me solve this question : An operation analyst is forecasting this year's demand for one of his company's products based on
Please can you help me solve this question :

An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data: (4 year ago Quantity sold was 10266), (3 year ago Quantity sold was 11222 ), (2 year ago Quantity sold was 17717 ) and the last year Quantity sold was 19905. The previous trend line had predicted 12250 for three years ago, 13000 for two years ago and 13750 for last year. What was the mean absolute percent error (MAPE) for these forecasts? a. 0.22 O b. 3281 O c. 22.24 O d. 3967
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
