If one time series model is used for forecasting a low-demand item and another time series model is used for forecasting a high-demand item,which measure of forecast accuracy provides a valid comparison of the errors from these two time series?
A) CFE
B) MSE
C) MAD
D) MAPE

Question

Quizplus · Accepted Answer

The purpose of MAPE is to normalize the error and allow comparison of different time series data.

If One Time Series Model Is Used for Forecasting a Low-Demand