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What is the mean absolute percent error

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Reference no: EM133602732

Question: In forecasting, what is the Mean Absolute Percent Error (MAPE)? In forecasting, what is the Mean Absolute Percent Error (MAPE)? It is the absolute error as a percentage of demand. It is the per-period average of cumulative error. It is the difference between the forecast and actual demand. It is the average, absolute difference between the forecast and actual demand.

 

 

Reference no: EM133602732

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