A time series with forecast values and error terms is presented in the foll. table. Month Actual Forecast Error Aug 11 15 -4

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A time series with forecast values and error terms is presented in the following
table.
Month Actual Forecast Error
Aug
11
15
-4
Sept
13
13.8
-0.8
Oct
6
8.2
-2.2
Nov
6.12
-1.12
What is the mean absolute percent error (MAPE)?
8.13%
22.35%
25.39%
5.68%
DELL
5.
Transcribed Image Text:A time series with forecast values and error terms is presented in the following table. Month Actual Forecast Error Aug 11 15 -4 Sept 13 13.8 -0.8 Oct 6 8.2 -2.2 Nov 6.12 -1.12 What is the mean absolute percent error (MAPE)? 8.13% 22.35% 25.39% 5.68% DELL 5.
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