On the first day of your job, you were assigned to evaluate/measure the performance of their previous forecasts by calculating the MAD and MAPE, using the following previous sales and forecasting data. Period Actual Forecast Abs Error Abs Percentage Error 1 110 103 ? ? 2 102 108 ? ? 3 105 106 ? ?       MAD ? MAPE ?   The absolute percentage error for period 3 is

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
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On the first day of your job, you were assigned to evaluate/measure the performance of their previous forecasts by calculating the MAD and MAPE, using the following previous sales and forecasting data.

Period

Actual

Forecast

Abs Error

Abs Percentage Error

1

110

103 ?

?

2

102

108

?

?

3

105

106

?

?

   

 

MAD ?

MAPE ?

 

The absolute percentage error for period 3 is (Please choose the closest one)

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