The following information refers to the next twoquestions: Refer to the followin
ID: 2913761 • Letter: T
Question
The following information refers to the next twoquestions:
Refer to the following table which contains the sales (in $,000)for a department store for the first ten months of the year.
Month
Sales
January
440
February
480
March
590
April
400
May
500
June
550
July
470
August
500
September
600
October
520
Using a three period moving average (i.e. MA(3)) as aforecasting method, what is the MAPE for this forecasting model__________%
Answer should be consistent with examples in your study materialand be between one or two decimal places e.g. 0.12, 0.123 etc.
Month
Sales
January
440
February
480
March
590
April
400
May
500
June
550
July
470
August
500
September
600
October
520
Explanation / Answer
Data Sales
Length 10
NMissing 0
Moving Average
Length 3
Accuracy Measures
MAPE 8.27
MAD 40.48
MSD 3223.81
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