Note;  Mean Absolute Deviation (MAD) Mean Absolute Percentage Error (MAPE) MAPE = MAD ÷ Actual values Now, it would be east for you to answer Please answer within the proper format with all supporting calculation seperate

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Note; 

Mean Absolute Deviation (MAD)

Mean Absolute Percentage Error (MAPE)

MAPE = MAD ÷ Actual values

Now, it would be east for you to answer

Please answer within the proper format with all supporting calculation seperately

Which of the following statements is TRUE regarding the relationship between the MAD and MAPE values in a dataset?
Multiple Choice
The MAPE will never increase if the MAD increases.
The MAPE will always increase if the MAD increases.
There is no firm relationship between the direction f increases or decreases in MAD versus MAPE values
The MAPE will always decrease if the MAD decreases.
The MAPE will never decrease if the MAD decreases.
Transcribed Image Text:Which of the following statements is TRUE regarding the relationship between the MAD and MAPE values in a dataset? Multiple Choice The MAPE will never increase if the MAD increases. The MAPE will always increase if the MAD increases. There is no firm relationship between the direction f increases or decreases in MAD versus MAPE values The MAPE will always decrease if the MAD decreases. The MAPE will never decrease if the MAD decreases.
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Note; 

Mean Absolute Deviation (MAD)

Mean Absolute Percentage Error (MAPE)

MAPE = MAD ÷ Actual values

Now, it would be easy for you to answer

Please answer with reason for all why the option is correct and why the other options are incorrect

Which of the following statements is TRUE regarding the relationship between the MAD and MAPE values in a dataset?
Multiple Choice
O
O
The MAPE will never increase if the MAD increases.
The MAPE will always increase if the MAD increases.
There is no firm relationship between the direction of increases or decreases in MAD versus MAPE values
O
O
The MAPE will always decrease if the MAD decreases.
The MAPE will never decrease if the MAD decreases.
Transcribed Image Text:Which of the following statements is TRUE regarding the relationship between the MAD and MAPE values in a dataset? Multiple Choice O O The MAPE will never increase if the MAD increases. The MAPE will always increase if the MAD increases. There is no firm relationship between the direction of increases or decreases in MAD versus MAPE values O O The MAPE will always decrease if the MAD decreases. The MAPE will never decrease if the MAD decreases.
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