The Mean Absolute Percentage Error (MAPE) for the Forecasts Shown

question 27

Multiple Choice

The mean absolute percentage error (MAPE) for the forecasts shown in the following table is: $\begin{array} { | l | l | l | } \hline \text { Month } & \text { Forecast Demand } & \text { Actual Demand } \\\hline \text { April } & 110 & 100 \\\hline \text { May } & 150 & 125 \\\hline \text { June } & 160 & 170 \\\hline \text { July } & 110 & 130 \\\hline \text { August } & 150 & 180 \\\hline\end{array}$

• A) less than or equal to 5 percent.
• B) more than 5 percent but less than or equal to 10 percent.
• C) more than 10 percent but less than or equal to 15 percent.
• D) more than 15 percent.

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Definitions:

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Centrality

The degree of importance or influence of a node within a network, which determines how pivotal a person or organization is within the structure.

Network

A network refers to a group or system of interconnected people or things, often used in the context of social contacts or support systems.

Negotiator

A person who engages in discussion with one or more parties to reach an agreement or resolve a dispute.