GATE ME 2021 Set 2 — Question 53

NAT+2 / -0MediumForecasting ModelsProduction Planning & ControlIndustrial Engineering

Industrial Engineering → Production Planning & Control → Forecasting Models

Last updated 5 September 2026

Question

The demand and forecast of an item for five months are given in the table. Month Demand Forecast April 225200 May 220240 June 285300 July 290270 August 250230 The Mean Absolute Percent Error (MAPE) in the forecast is__________% (round off to two decimal places)

\text{MAPE} = \frac{1}{n} \sum_{t=1}^{n} \left| \frac{D_t - F_t}{D_t} \right| \times 100

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\text{MAPE} = \frac{1}{n} \sum_{t=1}^{n} \left| \frac{D_t - F_t}{D_t} \right| \times 100

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