• recategorized by
280 views
0 0 votes
The demand and forecast of an item for five months are given in the table.

$$\begin{array}{|cl|cI|cI|}\hline
&\textbf{Month} & \textbf{Demand} & \textbf{Forecast} \\ \hline &\text{April} & \text{225} & \text{200} \\ \hline &\text{May} & \text{220} & \text{240}\\ \hline &\text{June} & \text{285} & \text{300}  \\ \hline &\text{July} & \text{290} & \text{270}  \\ \hline  &\text{August} & \text{250} & \text{230} \\ \hline  \end{array}$$

The Mean Absolute Percent Error $\text{(MAPE)}$ in the forecast is __________________ $\% (\textit{round off to two decimal places}$)

Please log in or register to answer this question.

Related questions

0 0 votes
0 0 answers
331
331 views
go_editor asked Mar 1, 2021
331 views
A factory produces $m (i= 1,2,\cdots, m)$ products, each of which requires processing on $n(j = 1,2,\cdots, n)$ workstations. Let $a_{ij}$ be the amount of processing ti...
0 0 votes
0 0 answers
436
436 views
go_editor asked Mar 1, 2021
436 views
Daily production capacity of a bearing manufacturing company is $30000$ bearings. The daily demand of the bearing is $15000$. The holding cost per year of keeping a beari...
0 0 votes
0 0 answers
99
99 views
gatecse asked Feb 23
99 views
The actual demand for castings in a factory is $500$ units and $635$ units for the months of January $2026$ and February $2026$, respectively. The forecasted demand for J...
0 0 votes
0 0 answers
304
304 views
gatecse asked Feb 22, 2021
304 views
A set of jobs $\text{A, B, C, D, E, F, G, H}$ arrive at time $t= 0$ for processing on turning and grinding machines. Each job needs to be processed in sequence first on ...

Related questions

0 0 votes
0 0 answers
331
331 views
go_editor asked Mar 1, 2021
331 views
A factory produces $m (i= 1,2,\cdots, m)$ products, each of which requires processing on $n(j = 1,2,\cdots, n)$ workstations. Let $a_{ij}$ be the amount of processing ti...
0 0 votes
0 0 answers
436
436 views
go_editor asked Mar 1, 2021
436 views
Daily production capacity of a bearing manufacturing company is $30000$ bearings. The daily demand of the bearing is $15000$. The holding cost per year of keeping a beari...
0 0 votes
0 0 answers
99
99 views
gatecse asked Feb 23
99 views
The actual demand for castings in a factory is $500$ units and $635$ units for the months of January $2026$ and February $2026$, respectively. The forecasted demand for J...
0 0 votes
0 0 answers
304
304 views
gatecse asked Feb 22, 2021
304 views
A set of jobs $\text{A, B, C, D, E, F, G, H}$ arrive at time $t= 0$ for processing on turning and grinding machines. Each job needs to be processed in sequence first on ...
Position:
Show:
Answer:

Add Synced Question

×