econometrics Question 4Consider the following data:596061MonthBicycles62Sold6321.664222.96525.56621.96723.9686.27.569731.5708.29.771928.6721031.473If the forecasting equation used was "1.1t + 20.4" what would the MAPE for this forecasting equation be?4. Answer7475

We are going to calculate Mean Absolute Percentage Error using its formula and definition.

Question 4 Consider the following data: Month Bicycles Sold 21.6 2. 22.9 25.5 21.9 23.9 6. 27.5 7 31.5 8 29.7 9 28.6 10 31.4 If the forecasting equation used was "1.1t + 20.4" what would the MAPE for this forecasting equation be? 4. Answer

Question 4 Consider the following data: Month Bicycles Sold 21.6 2. 22.9 25.5 21.9 23.9 6. 27.5 7 31.5 8 29.7 9 28.6 10 31.4 If the forecasting equation used was "1.1t + 20.4" what would the MAPE for this forecasting equation be? 4. Answer

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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