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Given the following actual demand and forecasts for the last five months: Month Actual Demand Forecast 1 256 277 2 259 246 3 244 265
Given the following actual demand and forecasts for the last five months:
Month | Actual Demand | Forecast |
1 | 256 | 277 |
2 | 259 | 246 |
3 | 244 | 265 |
4 | 255 | 240 |
5 | 258 | 248 |
What is the Mean Absolute Percentage Error (MAPE)? (answer in three decimals. So, if the answer is 5.64%, you should stage 0.056)
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