[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.]
$\begin{array}{crccc}& \text { Actual } & & \\\text { Period } & \text { Demand } & \text { Forecast Demand } & \text { Error } & \text { Absolute Value } \\1 & 800 & 1100 & (300) & 300 \\2 & 1200 & 1000 & 200 & 200 \\3 & 1400 & 1500 & (100) & 100\end{array}$
-The Mean Absolute Percentage Error (MAPE) is approximately:

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

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Definitions:

Debit Column

Refers to the section in accounting records where decreases in liabilities, or increases in assets and expenses are logged.

Trial Balance

An accounting report that lists the balances of all ledger accounts at a particular point in time to ensure that debits equal credits.

Ledger Balances

The total balances of all accounts in a ledger at a specific point in time, reflecting the cumulative effect of all transactions.

Posting

The process of transferring entries from a journal to the respective accounts in the general ledger.