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The demand and forecast of an item for five months are given in the table. 

\[ \begin{array}{|c|c|c|} \hline \text{Month} & \text{Demand} & \text{Forecast} \\ \hline \text{April} & 225 & 200 \\ \text{May} & 220 & 240 \\ \text{June} & 285 & 300 \\ \text{July} & 290 & 270 \\ \text{August} & 250 & 230 \\ \hline \end{array} \] 

The Mean Absolute Percent Error (MAPE) in the forecast is \(\underline{\hspace{1cm}}\) % (round off to two decimal places).

  • GATE ME - 2021
  • GATE ME
  • Materials, Manufacturing & Industrial Engineering
  • Forecasting models