Question
The following data reflects the number of cars sold at a local dealership over a ten-month period. Calculate the MAPE for months 4 through 10
The following data reflects the number of cars sold at a local dealership over a ten-month period. Calculate the MAPE for months 4 through 10 using a three month moving average forecast.
| Time Period | Number of Cars Sold |
| 1 | 87 |
| 2 | 75 |
| 3 | 83 |
| 4 | 68 |
| 5 | 85 |
| 6 | 79 |
| 7 | 78 |
| 8 | 69 |
| 9 | 74 |
| 10 | 81 |
10.06%
8.14%
8.64%
9.51%
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Business Statistics
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
3rd Edition
978-0321944726, 321925831, 9780321944696, 321944720, 321944690, 978-0321925831
