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[The Following Information Applies to the Questions Displayed Below -The Mean Absolute Percentage Error (MAPE)is Approximately:
A)200%
B)-27

Question 1

Multiple Choice

[The following information applies to the questions displayed below.]
 Actual  Period  Demand  Forecast Demand  Error  Absolute Value 18001100(300) 300212001000200200314001500(100) 100\begin{array}{crccc}& \text { Actual } & & \\\text { Period } & \text { Demand } & \text { Forecast Demand } & \text { Error } & \text { Absolute Value } \\1 & 800 & 1100 & (300) & 300 \\2 & 1200 & 1000 & 200 & 200 \\3 & 1400 & 1500 & (100) & 100\end{array}
-The Mean Absolute Percentage Error (MAPE) is approximately:


A) 200%
B) -27.98%
C) 20.44%
D) 53.93%

Correct Answer:

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