Question: Three forecasting methods are considered and all three show comparable residual diagnostic results. Mean Absolute Percent Error (MAPE) is calculated In-sample (training dataset with

Three forecasting methods are considered and all three show comparable residual diagnostic

Three forecasting methods are considered and all three show comparable residual diagnostic results. Mean Absolute Percent Error (MAPE) is calculated In-sample (training dataset with 240 time periods), Out-of-sample (testing dataset with 60 time periods) and All data (training + testing dataset with a total of 300 time periods) and provided in the table below. In-Sample MAPE Out-of-Sample MAPE Training + Testing data Forecasting Method 1 6.78% 8.32% 7.09% Forecasting Method 2 8.24% 7.53% 8.10% Forecasting Method 3 7.14% 7.36% What is the out-of-sample MAPE for forecasting method 3?

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