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 and forecasted values 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 | 7.3 | 8.7 |
| 2 | 7.9 | 7 |
| 3 | 9.2 | 5.7 |
| 4 | 9.7 | 7.9 |
| 5 | 8.3 | 8 |
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
