To calculate the percentage difference between the number of invitations sent and the number of predicted attendees, we can use the following formula:
In this case:
- Actual Value (invitations) = 275
- Predicted Value (expected attendees) = 265
Now we can substitute these values into the formula:
Calculating this gives:
Thus, rounding to the nearest hundredth of a percent, the prediction error is approximately 3.64%.