Which of the Following Defines MAPE

question 15

Multiple Choice

Which of the following defines MAPE?

• A) Median absolute percentage error, a measure of a financial statement's accuracy
• B) Median absolute percentage error, a measure of a forecast's accuracy
• C) Mean absolute percentage error, a measurement of a forecast's accuracy
• D) Mean absolute percentage error, a measure of a financial statement's accuracy

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Definitions:

Independent

In statistics, a term used to describe two or more variables that are not associated with each other; each variable's distribution does not depend on the values of others.

Dependent

In statistics, a variable whose value depends on the influence or measurement of another variable.

Proportion

A statistical measure that represents the fraction of the total number of outcomes in a given category relative to the total number of outcomes in all categories.

Observations

Data collected or measured during an experiment or survey. They are the individual values recorded during the statistical study.