Question: What is the MAPE if the actual data ( A t ) and forecast ( F t ) over the past 5 periods were {

What is the MAPE if the actual data (A_t) and forecast (F_t) over the past 5 periods were {A_t; F_t} = {40; 42}, {40; 43}, {43; 43}, {44; 44}, {40; 42}?

a	1.40%
b	1.84%
c	2.62%
d	3.40%
e	3.50%

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 Mathematics Questions!

In the criminal prosecution of the Defendant for murder, the Defendant testifies that she was in another country when the crime took place. The Defendant also calls W1 to the stand to testify that he...

About how much of the tax is paid by consumers in the form of higher prices? a) 10 cents b) 20 cents c) 35 cents d) 50 cents e) 65 cents Price ($) 23 22 21 20 19 18 Figure 2 10 20 Quantity 30 40 S D...

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...

CoursHeroTranscribedText: DAT 520 Problem Set 6 Markov Modeling in Decision Trees Module Six introduces the Markov model. In this model, there are a defined set of states and we then have the...

Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months The forecasts and actual sales are as follows: Month Sales Forecast 1...

Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months. The forecasts and actual sales are as follows: Month 1 2 3 4 5 6 7 R 9 10...

Problem 3-22 (Algo) Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 month forecasts and actual sales are as follows Month Sales...

Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months. The forecasts and actual sales are as follows: Forecast 1 830 820 805 795...

BRA SabtrsegallDocuments\SEGALL-20181CIT 3523-SPRING 2018\Problem 4.2 page 146-147-Moving Averages-sprin Problem tile: Problem 4.3: Nelve Method-Page 147 - YOUR NAME Naivo Method for Problem 4.3....

Pls help Question 2 For the following data of six months forecast and actual demand: calculate MAD, MAPE and TS. Absolute Cumulative MAPE in 96 Month Forecast Actual Deviation RSFE MAD TS Deviation...

25) 25. Which of the following is a feature common to all forecasting models? A) Models use the same amount of data for forecast B) Forecasts are more accurate for shorter rather than for longer time...

After the pandemic traffic is nearly back to normal. Imagine you have to communicate to people living around your airport, that now it gets louder again. What would you do? How would you communicate?...

Database textbooks and tutorials emphasize the need to ensure normalization of the database. While database designers and database administrators will generally ensure that their databases follow...

Bookmark UNANSWERED ( 9 ) this question BDOKMARKED ( D ) To establish the association's legal requirements in purchasing insurance, the association should consult all of the following, EXCEPT: ( a )...

M. K. Gallant is president of Kranbrack Corporation, a company whose stock is traded on a national exchange. In a meeting with investment analysts at the beginning of the year, Gallant had predicted...

Lawson Company produces a product where all manufacturing inputs are applied uniformly. Lawson produced the following physical flow schedule for March: Units to account for: Units in BWIP (40 percent...

In 2015, Dale (age 68) creates a trust with assets worth $5 million. Under the terms of the trust, Dale retains a life estate with the remainder passing to Nicole (age 34) upon his death. In the...

Two objects are connected by a light string passing over a light frictionless pulley as shown in Figure P8.13. The object of mass 5.00 kg is released from rest. Using the principle of conservation of...

Linsenmeyer Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for September: During...

Determine if the overhead allocated to the product relates to a single plantwide overhead rate method, multiple production department factory overhead rate method, or activity-based costing...

What will you do if your market does not develop as quickly as you predicted? What if your market develops too quickly?

Do you intend to grow the business to the point of an IPO?

How will investors get their money back?