Question: You are comparing two forecasting techniques and calculate the MAPD ( Mean Absolute Percent Deviation ) for each as shown below. Forecast MAPD Method A

You are comparing two forecasting techniques and calculate the MAPD (Mean Absolute Percent Deviation) for each as shown below.
Forecast MAPD
Method A 10.54%
Method B 22.88%Based on these results, Forecast Method A is the more accurate forecast.

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!