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Measuring Forecast Accuracy: Omissions in Today's Forecasting Engines and Demand-Planning Software

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  • Jim Hoover
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    Abstract

    In this article Jim discusses 1) forecast error calculations for intermittent (sporadic) demand items, 2) issues with measuring forecast error aggregated across items, and 3) metrics for tracking forecast accuracy improvement over time. Copyright International Institute of Forecasters, 2006

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    Bibliographic Info

    Article provided by International Institute of Forecasters in its journal Foresight: The International Journal of Applied Forecasting.

    Volume (Year): (2006)
    Issue (Month): 4 (June)
    Pages: 32-35

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    Handle: RePEc:for:ijafaa:y:2006:i:4:p:32-35

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    Cited by:
    1. Davydenko, Andrey & Fildes, Robert, 2013. "Measuring forecasting accuracy: The case of judgmental adjustments to SKU-level demand forecasts," International Journal of Forecasting, Elsevier, vol. 29(3), pages 510-522.

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