Question

Given forecast errors of -5, -10, and +15, the MAPE is: Question 16 options: 30 225...

Given forecast errors of -5, -10, and +15, the MAPE is:

Question 16 options:

30

225

0

175

there isn't enough data to calculate this value

0 0
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Answer #1

The answer is there is not enough data to calculate this value

MAPE = Sum of the absolute percentage errors for all the periods / number of periods

Where,

absolute percentage error= (absolute error/actual value) 100

So to calculate MAPE we need absolute percentage errors for all the periods and to calculate the absolute percentage error for a period we need the actual value for that period which is not given in this problem. So there is not enough data to calculate this value.

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Given forecast errors of -5, -10, and +15, the MAPE is: Question 16 options: 30 225...
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