A Guide to Forecast Error Measurement Statistics and How to Use Them

2015-04-02T15:10:33+00:00April 2nd, 2015|Categories: Forecasting Education|Tags: , , , , |

Error measurement statistics play a critical role in tracking forecast accuracy, monitoring for exceptions, and benchmarking your forecasting process. Interpretation of these statistics can be tricky, particularly when working with low-volume data or when trying to assess accuracy across multiple items (e.g., SKUs, locations, customers, etc.). This installment of Forecasting 101 surveys common error measurement [...]