Question :   21) What the Mean Absolute Percent Deviation (MAPD) if the : 2065989

 

21) What is the Mean Absolute Percent Deviation (MAPD) if the sum of the absolute forecast error over 12 periods is 174 and the cumulative demand over the same 12 periods is 1500?

A) 8.62%

B) 11.60%

C) 12.5%

D) 19.75%

22) Which of the following forecast error measures will help determine whether or not there is a bias in a forecast?

A) Forecast error

B) Absolute deviation

C) Square error

D) Control error

23) The measure of forecasting error that tells the average error in a forecast is known as ________.

24) The measure of forecasting error used in computing variance is known as ________.

25) The tendency to forecast either too high or too low is known as ________.

26) A measure of forecasting error that tracks the average percent of error is known as ________.