Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. please can you help me solve this question : an

Please can you help me solve this question : An operation analyst is...

70.2K

Verified Solution

Question

Finance

Please can you help me solve this question :

image

An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data: (4 year ago Quantity sold was 10266), (3 year ago Quantity sold was 11222 ), (2 year ago Quantity sold was 17717 ) and the last year Quantity sold was 19905. The previous trend line had predicted 12250 for three years ago, 13000 for two years ago and 13750 for last year. What was the mean absolute percent error (MAPE) for these forecasts? a. 0.22 O b. 3281 O c. 22.24 O d. 3967

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

1. Why is the safety feature of a garage door opener mounted about 10 inches off...

Accounting
1.2K views

Terrace Labs produces a drug used for the treatment of arthritis. The drug is produced in...

Physics
1.2K views

A horizontal pipe 150 mm in diameter is joined by sudden enlargement to a 225...

Physics
1.2K views

in the direction During the perio is the componen low and this et along the...

Geometry
1.2K views

Makenzie lives and works in Colorado which has a flat state income tax of 4...

Accounting
1.2K views

3. Short Round Inc manufactures two types of hats, fedoras and baseball caps....

Accounting
1.2K views

The outstanding share capital of Bramble Corporation consists of 3,245 preferred shares and 5,900 common...

Accounting
1.2K views

please calculate CFO and show steps/calculations ASseLs g81 63.37 le ou 2 STC 6...

Accounting
1.2K views

2: Martin Hughes earns net self-employment income of $157,100. He works a second job from...

Accounting
1.2K views

Assume that an auditor is reviewing a file containing twenty-five fields of data, only five...

Accounting
1.2K views

Millennium Textiles Company makes silk banners and uses the weighted-average method of process costing. Dire...

Accounting
1.2K views

Cruise Corporation produces standard machine parts which are produced in batches. The engineering department designs...