Using the Data Shown Below in Table 1, Compute the Mean

question 20

Multiple Choice

Using the data shown below in Table 1, compute the mean square error, mean absolute deviation, and mean absolute percentage error for the forecasts shown and then answer Questions
Table 1
$\begin{array}{|l|c|c|}\hline \text { Month } & \text { Forecast Demand } & \text { Actual Demand } \\\hline \text { April } & 170 & 180 \\\hline \text { May } & 225 & 200 \\\hline \text { June } & 210 & 200 \\\hline \text { July } & 260 & 240 \\\hline \text { August } & 200 & 230 \\\hline\end{array}$
-The mean absolute percentage error (MAPE) is:

• A) less than or equal to 5%.
• B) more than 5% but less than or equal to 10%.
• C) more than 10% but less than or equal to 15%.
• D) more than 15% but less than or equal to 20%.

---

Definitions:

Goal Accomplishment

The successful achievement or completion of specific objectives or targets.

Directive Leadership

Involves setting clear objectives, providing specific directions, and expecting compliance from team members.

Performance Standards

Benchmarks or expectations for employees' behavior and outcomes, used to measure their work quality and effectiveness.

Expectancy Theory

A motivational theory suggesting that individuals are motivated to act in certain ways based on their expectations of rewards.