Consider the Actual Values Y and Forecast Values F Given

question 31

Multiple Choice

Consider the actual values Y and forecast values F given in the table below. $$\begin{array} { | c | c | c | } \hline \text { Time Period } & \text { Y } & \text { F } \\\hline 1 & 19.5 & 19.3 \\\hline 2 & 21.5 & 20.9 \\\hline 3 & 22.6 & 22.5 \\\hline\end{array}$$ Calculate the mean absolute percentage error (MAPE) of the forecasts.

• A) 0.37
• B) 0.30
• C) 1.42
• D) 0.90

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Definitions:

Voting Rights

The legal rights granted to individuals enabling them to vote in political elections.

Northern Vision

A phrase that reflects the perspectives, objectives, or aspirations prevalent in the northern part of a country, which can differ significantly from those in the south due to cultural, economic, or political differences.

Sharecropping

An agricultural system where tenants agree to work a landowner's land in return for a share of the crops produced on their portion of land.

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