What is an Advantage of the MAPE? a. It can be compared across different forecast items. b. It limits the average error by offsetting positive with negative errors. c. It assumes the next period will be the same as the current period. d. It does not require Quantitative skills on the part of the forecaster.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
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What is an Advantage of the MAPE? a. It can be compared across different forecast items. b. It limits the average error by offsetting positive with negative errors. c. It assumes the next period will be the same as the current period. d. It does not require Quantitative skills on the part of the forecaster.
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