Using the data shown below in Table 1, compute the mean square error, mean absolute deviation, and mean absolute percentage error for the forecasts shown and then answer Questions
Table 1
-The mean absolute percentage error (MAPE) is:
A) less than or equal to 5%.
B) more than 5% but less than or equal to 10%.
C) more than 10% but less than or equal to 15%.
D) more than 15% but less than or equal to 20%.
Correct Answer:
Verified
Q1: Using the data shown below in
Q2: Using the data shown below in
Q3: Using the data shown below in
Q4: _ forecasts are necessary to plan for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents