Which of the following is a technique used to determine forecasting accuracy?
A)exponential smoothing
B)moving average
C)regression
D)Delphi method
E)mean absolute percent error

Question

Quizplus · Accepted Answer

Mean absolute percent error (MAPE) is a technique used to determine forecasting accuracy. It measures the average percentage difference between the actual values and the forecasted values. The lower the MAPE, the more accurate the forecast. The other choices listed (exponential smoothing, moving average, regression, and Delphi method) are forecasting techniques, but not specific methods for determining forecasting accuracy.

Which of the Following Is a Technique Used to Determine