Question: We will examine two forecast methods. Which forecast method has the lower error ( enter A or B ) . The MAPE for method A

We will examine two forecast methods. Which forecast method has the lower error
(enter A or B).
The MAPE for method A is
(round to the nearest one whole number percentage and DO NOT use a percent symbol or decimals in your answer)
What is the MSE for method B
14.7
(round to the nearest one decimal place)
FORECAST
MONTH ACTUAL A B
JAN 121314
FEB 101216
MAR 121510

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!