MAPE: Guide to Mean Absolute Percentage Error Are you struggling to measure the accuracy of your forecasts? Do you need a reliable metric to evaluate the performance of your predictive models? Look no further than the Mean Absolute Percentage Error (MAPE). In this comprehensive guide, we will walk you through everything you need to know about MAPE, from its definition and calculation to its interpretation and limitations. Let’s dive in! 1. What is MAPE? Mean Absolute Percentage Error (MAPE) is a metric used to measure the accuracy of a forecast or prediction. It calculates the average percentage difference between the actual values and the predicted values. MAPE is expressed as…