Using mape as the accuracy measure which forecast is best


You must show your work (computations) in order to earn credit for this assignment.

A convenience store posted the following figures for gasoline sales in gallons over the past 4 days compared to its forecasted sales using two different forecast methods:

            DAY                 ACTUAL SALES         FORECAST 1     FORECAST 2

            1                                 590              620              580   

            2                                 630              630              635

            3                                 560              610              570

            4                                 620              600              625

Using MAPE as the accuracy measure, which forecast is "best"? State your answer in a one-sentence explanation of the results of your calculations.

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Operation Management: Using mape as the accuracy measure which forecast is best
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