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What is the importance of using Mean Absolute Percentage Error (MAPE) in airline forecasting? Group of answer choices A. MAPE provides a measure of forecast
What is the importance of using Mean Absolute Percentage Error (MAPE) in airline forecasting? Group of answer choices A. MAPE provides a measure of forecast accuracy that is easy to interpret and compare across different forecasting models B. MAPE helps airlines identify potential areas of improvement in their forecasting techniques and make necessary adjustments to enhance accuracy C. MAPE enables airlines to quantify the magnitude of errors in revenue forecasts, allowing for better decision-making and resource allocation D. MAPE is not relevant for airline revenue forecasting as it does not account for the unique characteristics and complexities of the aviation industry
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