Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Silly Putty Incorporated has had sales of $ 1 2 million, $ 1 7 million, and $ 1 6 million for each of the last

Silly Putty Incorporated has had sales of $12 million, $17 million, and $16 million for each of the last three years. What would be the MAPE if the actual sales were $15 million using the nave approach?
Multiple Choice
8.14 percent
5.73 percent
6.67 percent
6.71 percent
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations Of Personal Finance

Authors: Sally R. Campbell, Robert L. Dansby

9th Edition

1619603578, 9781619603578

More Books

Students also viewed these Finance questions

Question

=+22. Energy investment decisions.

Answered: 1 week ago