Question

Question 30 (1 point) What will be the MAPE (Mean Absolute Percent Error) of the table below? (Round your answer to 2 decimal places, keep in decimal format) Three period moving average Period Sales($millions) Forecast Error Absolute Error Squared Error Abs Percent error 1 7 2 5 3 9 4 11 7.00 8.33 5 13.5 Your Answer: Answer uestion 31 (1 point) Saved

Answer 1

Period	Sales	Forecast	Error	Absoulate Error	Squared error	Abs Percentage error
1	7
2	5
3	9
4	11	7	4	4	16	36.36363636
5	13.5	8.33	5.17	5.17	26.7289	38.2962963
Total			9.17	9.17	42.7289	74.65993266

Mean Absoulate Percentage Error (MAPE)

$\small =\frac{\sum \frac{|A-F|}{A}*100 }{N}$

$\small =\frac{74.6599 }{2}=37.33$

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