BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Suppose for a particular week, the forecasted sales were $4, 000. The actual sales were $3, 000. What is the value of the mean absolute percentage error?
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-33.3%
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-25%
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25%
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33.3%
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Explanation:
Detailed explanation-1: -33.33% Suppose for a particular week, the forecasted sales were $4, 000. The actual sales were $3, 000.
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