A time series with forecast values and error terms is presented in the foll. table. Month Actual Forecast Error Aug 11 15 -4
A time series with forecast values and error terms is presented in the foll. table. Month Actual Forecast Error Aug 11 15 -4
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 12PPS
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![A time series with forecast values and error terms is presented in the following
table.
Month Actual Forecast Error
Aug
11
15
-4
Sept
13
13.8
-0.8
Oct
6
8.2
-2.2
Nov
6.12
-1.12
What is the mean absolute percent error (MAPE)?
8.13%
22.35%
25.39%
5.68%
DELL
5.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6835fe2b-4dfe-4db0-80f6-f1ad78fce3f2%2F5ce686fa-0636-4b7c-b3b6-12827d3172ed%2F8gqqi49_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A time series with forecast values and error terms is presented in the following
table.
Month Actual Forecast Error
Aug
11
15
-4
Sept
13
13.8
-0.8
Oct
6
8.2
-2.2
Nov
6.12
-1.12
What is the mean absolute percent error (MAPE)?
8.13%
22.35%
25.39%
5.68%
DELL
5.
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