Given forecast errors of 10, -2, 25, and 0 when actual values were 120, 145, 275, and 124, what is the mean absolute percent error?
Given forecast errors of 10, -2, 25, and 0 when actual values were 120, 145, 275, and 124, what is the mean absolute percent error?
Chapter6: Target Markets: Segmentation And Evaluation
Section: Chapter Questions
Problem 17DRQ: Under what conditions might a firm use multiple forecasting methods?
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