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A forecasting method has produced the following over the past five months. What is the mean...

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Operations Management

A forecasting method has produced the following over the pastfive months. What is the mean absolute percent error? Month ActualForecast 1 102 110 2 120 116 3 125 120 4 110 120 5 100 113

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To calculate the mean absolute percentage error we have to first calculate the absolute percentage error for each period Absolute percentage error Absolute errorActual value100    See Answer
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