Consider the actual values Y and forecast values F given in the table below. $$\begin{array} { | c | c | c | }
\hline \text { Time Period } & \text { Y } & \text { F } \
\hline 1 & 19.5 & 19.3 \
\hline 2 & 21.5 & 20.9 \
\hline 3 & 22.6 & 22.5 \
\hline
\end{array}$$ Calculate the mean absolute percentage error (MAPE) of the forecasts.
A) 0.37
B) 0.30
C) 1.42
D) 0.90

Question

Consider the actual values Y and forecast values F given in the table below. $$\begin{array} { | c | c | c | } 
\hline \text { Time Period } & \text { Y } & \text { F } \
\hline 1 & 19.5 & 19.3 \
\hline 2 & 21.5 & 20.9 \
\hline 3 & 22.6 & 22.5 \
\hline
\end{array}$$ Calculate the mean absolute percentage error (MAPE) of the forecasts.
A) 0.37
B) 0.30
C) 1.42
D) 0.90

Quizplus · Accepted Answer

The Answer of Consider the actual values Y and forecast values F given in the table below. $$\begin{array} { | c | c | c | } 
\hline \text { Time Period } & \text { Y } & \text { F } \
\hline 1 & 19.5 & 19.3 \
\hline 2 & 21.5 & 20.9 \
\hline 3 & 22.6 & 22.5 \
\hline
\end{array}$$ Calculate the mean absolute percentage error (MAPE) of the forecasts.
A) 0.37
B) 0.30
C) 1.42
D) 0.90

Consider the Actual Values Y and Forecast Values F Given