MCQOPTIONS
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| 1. |
The actual and forecasted demands of a product are as follows:Period12345Actual demand180170165170200Forecasted demand190190190190190The forecast error measured in terms of mean absolute deviation (MAD) and mean absolute percentage error (MAPE), respectively, are |
| A. | 13 and 7.84% |
| B. | 13 and 9.85% |
| C. | 17 and 7.84% |
| D. | 17 and 9.85% |
| Answer» E. | |