Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Forecast Y has a MAPE (Mean Absolute percent Error) of 9.8%. Forecast Z has a MAPE (Mean Absolute percent Error) of 12.2%. Which forecast is
Forecast Y has a MAPE (Mean Absolute percent Error) of 9.8%. Forecast Z has a MAPE (Mean Absolute percent Error) of 12.2%. Which forecast is the most accurate?
a. Both are accurate
b. Forecast Y
c. Forecast Z
d. Can’t determine
Step by Step Solution
★★★★★
3.48 Rating (155 Votes )
There are 3 Steps involved in it
Step: 1
Mean obsolete error is one of the measures of accuracy of fore...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Document Format ( 2 attachments)
6091b0f890a7e_22526.pdf
180 KBs PDF File
6091b0f890a7e_22526.docx
120 KBs Word File
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started