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Consider the following results from the last ten periods of student enrollment forecast by the Operations Management department chairman. Period Forecast Actual 1 25 26
Consider the following results from the last ten periods of student enrollment forecast by the Operations Management department chairman.
Period | Forecast | Actual |
1 | 25 | 26 |
2 | 32 | 31 |
3 | 42 | 45 |
4 | 53 | 50 |
5 | 64 | 70 |
6 | 70 | 72 |
7 | 81 | 78 |
8 | 88 | 90 |
9 | 95 | 97 |
10 | 102 | 109 |
Determine the mean absolute percentage error (MAPE, round to two decimal places). Enter answer as decimal. (10% should be entered as .1)
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