Multiple Choice
In forecasting,what is the Mean Absolute Percent Error (MAPE) ?
A) It is the difference between the forecast and actual demand.
B) It is the average,absolute difference between the forecast and actual demand.
C) It is the absolute error as a percentage of demand.
D) It is the per-period average of cumulative error.
Correct Answer:
Verified
Correct Answer:
Verified
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