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The Mean Absolute Percentage Error (MAPE) for the Forecasts Shown

Question 20

Multiple Choice

The mean absolute percentage error (MAPE) for the forecasts shown in the following table is:  Month  Forecast Demand  Actual Demand  April 110100 May 150125 June 160170 July 110130 August 150180\begin{array} { | l | l | l | } \hline \text { Month } & \text { Forecast Demand } & \text { Actual Demand } \\\hline \text { April } & 110 & 100 \\\hline \text { May } & 150 & 125 \\\hline \text { June } & 160 & 170 \\\hline \text { July } & 110 & 130 \\\hline \text { August } & 150 & 180 \\\hline\end{array}


A) less than or equal to 5 percent.
B) more than 5 percent but less than or equal to 10 percent.
C) more than 10 percent but less than or equal to 15 percent.
D) more than 15 percent.

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