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Assuming actual product demand were 1,500; 1540; 1,520; 1,550; and 1,560 for Weeks 1, 2, 3, 4, and 5, respectively. Using 2 as interval for moving averages forecasting, the computed sum of percentage error and MAPE should be: *       o 1.60% and 15.00% o 2.89% and 0.96% o 1.29% and 0.29% o 0% and 0%

Assuming actual product demand were 1,500; 1540; 1,520; 1,550; and 1,560 for Weeks 1, 2, 3, 4, and 5, respectively. Using 2 as interval for moving averages forecasting, the computed sum of percentage error and MAPE should be: *       o 1.60% and 15.00% o 2.89% and 0.96% o 1.29% and 0.29% o 0% and 0%

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Assuming actual product demand were 1,500; 1540; 1,520; 1,550; and 1,560 for Weeks 1, 2, 3, 4, and 5, respectively. Using 2 as interval for moving averages forecasting, the computed sum of percentage error and MAPE should be: *
 
 
 
o 1.60% and 15.00%
o 2.89% and 0.96%
o 1.29% and 0.29%
o 0% and 0%
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