Question: The following data summarizes the historical demand for a product: Month Actual Demand March 20 April 25 May 40 June 35 July 30 August 45

The following data summarizes the historical demand for a product: Month Actual Demand March 20 April 25 May 40 June 35 July 30 August 45 If the forecasted demand for June, July, and August is 32, 38 and 42, respectively, what is MAPE (mean absolute percent error)? (when computing MAPE, don't multiply by 100 to convert it to %, keep the decimal format)

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