Question
Forecasted and actual sales are shown below. Week 1 2 3 34 Forecast 810 850 600 740 Actual 689 935 594 696 Enter your
Forecasted and actual sales are shown below. Week 1 2 3 34 Forecast 810 850 600 740 Actual 689 935 594 696 Enter your answer as a percentage rounded to one decimal place Calculate the mean absolute percentage error (MAPE). 59.6 %
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Lets calculate the mean absolute percentage error MAPE for the data in the table Week For...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
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Introductory Statistics Exploring The World Through Data
Authors: Robert Gould, Rebecca Wong, Colleen N. Ryan
3rd Edition
0135163145, 978-0135163146
Students also viewed these General Management questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App