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:

Credibility

The quality of being trusted and believed in, often resulting from a demonstrated record of reliability and integrity.

Reciprocity

Reciprocity is a social norm that involves mutual exchange, where actions or benefits provided by one party are returned by another.

ACE Model

A conceptual framework focusing on Awareness, Commitment, and Execution, used in various contexts to improve performance and outcomes.

Effectiveness

The degree to which objectives are achieved, reflecting the capability of producing a desired result.