Question: The forecast error measure MAPE is 14%, what does this mean? a. 14% of the forcast is wrong b. the forcast is 14% away from

The forecast error measure MAPE is 14%, what does this mean?
a. 14% of the forcast is wrong
b. the forcast is 14% away from the actual value
c. the forcast is right 14% of the time

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