MonthActual demandForecasted Demand1950100021070100031100100049601000510901000610501000For the dataset above, compute the overall MAPE.

The overall Mean Absolute Percentage Error (MAPE) for the given dataset is approximately…

Answered: Month Actual demand Forecasted Demand…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Month	Actual demand	Forecasted Demand
1	950	1000
2	1070	1000
3	1100	1000
4	960	1000
5	1090	1000
6	1050	1000

Month Actual demand Forecasted Demand 1 950 1000 2 1070 1000 3 1100 1000 4 960 1000 5 1090 1000 6 1050 1000 For the dataset above, compute the overall MAPE.