THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 86

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The table below shows the quarterly sales of a gifting store.The forecaster uses the Holt-Winters multiplicative model to determine the forecast for future periods.
Given: α = 0.6,β = 0.5,and γ = 0.4.

-Calculate the value of the mean absolute percentage error.

• A)67.31
• B)31.76
• C)3.68
• D)17.28

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Definitions:

Culture Fair

Designed to be impartial and free from cultural bias, often referring to tests that aim to assess intelligence or aptitude without favoring any group.

Common

Refers to something that is usual, frequent, or shared by multiple people.

General

Referring to the overall or broad aspects of a subject, not limited to specific details or instances.

Limited Predictive Power

Refers to the restricted ability of a model or measurement to accurately forecast future outcomes or behaviors based on current or past data.