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Question
The mean absolute percentage error (MAPE) for the forecasts shown in the following table is:
| Month | Forecast Demand | Actual Demand |
| April | 110 | 100 |
| May | 150 | 125 |
| June | 160 | 170 |
| July | 110 | 130 |
| August | 150 | 180 |
a. less than or equal to 5 percent.
b. more than 5 percent but less than or equal to 10 percent.
c. more than 10 percent but less than or equal to 15 percent.
d. more than 15 percent.
Answer
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