What is the mean absolute percent error of the following forecasts?

Marketing
20th Edition
ISBN:9780357033791
Author:Pride, William M
Publisher:Pride, William M
Chapter6: Target Markets: Segmentation And Evaluation
Section: Chapter Questions
Problem 17DRQ: Under what conditions might a firm use multiple forecasting methods?
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What is the mean absolute percent error of the following forecasts?
Period Actual Demand
800
700
12345
2
O A. 1.1137
B. 0
OC. 0.4337
D. 326
E. 150
O F. 260.23
1800
300
750
G. -0.1377
H. 0.4528
Forecast
720
720
720
720
720
Transcribed Image Text:What is the mean absolute percent error of the following forecasts? Period Actual Demand 800 700 12345 2 O A. 1.1137 B. 0 OC. 0.4337 D. 326 E. 150 O F. 260.23 1800 300 750 G. -0.1377 H. 0.4528 Forecast 720 720 720 720 720
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