Answered: Calculate the mean absolute percentage…

Business

Operations Management

Calculate the mean absolute percentage error (MAPE) for the cost equation you developed above.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section: Chapter Questions

Problem 54P

See similar textbooks

	Maintenance Costs	Machine Hours
1	$ 2,660	1,557
2	2,705	1,660
3	2,755	1,675
4	2,855	1,725
5	2,890	1,845
6	3,040	1,895
7	2,900	1,855
8	2,940	1,875
9	2,815	1,765
10	2,605	1,445
11	2,625	1,620
12	2,925	1,460

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