CSCP Practice Questions - CSCP Certified Supply Chain Professional Exam

What does a Mean Absolute Percentage Error (MAPE) of 15% indicate about a forecasting model?

The forecast is accurate within 15 units The average forecast error is 15% of actual demand 85% of forecasts are completely accurate Demand varies by 15% from the forecast

Correct Answer:

The average forecast error is 15% of actual demand

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