In Forecasting,what Is the Mean Absolute Percent Error (MAPE)

question 31

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.

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