Use the data shown below to answer the following question(s).
The table below shows the sales details of a kind of vegetable sold at a department store for each week.
-For the given data,what is the value of mean absolute percentage error?
A)24.45
B)37.63
C)14.78
D)64.31

Question

Use the data shown below to answer the following question(s).
The table below shows the sales details of a kind of vegetable sold at a department store for each week. 
-For the given data,what is the value of mean absolute percentage error?
A)24.45 
B)37.63 
C)14.78 
D)64.31

Quizplus · Accepted Answer

The mean absolute percentage error (MAPE) is calculated as the average of the absolute percentage errors of forecasts. The correct value, based on the given data, is 14.78.

Use the Data Shown Below to Answer the Following Question(s)