Question
The following table shows the actual and forecasted values for 5 consecutive weeks of sales at a local retailer. Find the Mean Absolute Percent Error
The following table shows the actual andforecastedvalues for 5 consecutive weeks of sales at a local retailer. Find the Mean Absolute Percent Error (MAPE) for these forecasts. Round your MAPE to 2 decimal places.
| Week | Time Series Value | Forecast |
| 1 | 9.8 | 6.5 |
| 2 | 6.5 | 8 |
| 3 | 9.7 | 7.8 |
| 4 | 8.4 | 9.4 |
| 5 | 8.8 | 9.7 |
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Advanced Engineering Mathematics
Authors: ERWIN KREYSZIG
9th Edition
0471488852, 978-0471488859
