Silly Putty Inc. has had sales of $12 million, $17 million, and $16 million for eac

Silly Putty Inc. has had sales of $12 million, $17 million, and $16 million for each of the last three years. What would be the MAPE if the actual sales were $15 million using the naïve approach?

 

[15 − 16]/15 = −6.67 percent.

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