Model Diagnostic – R Squared or MAPE?
We have now settled that MAPE or Mean Absolute Percent Error is the measure for forecast performance for a planner/Division at the end of the month. It is more popularly … Read More
Demand Forecasting, Sales Planning, Big Data Analytics & IBP
We have now settled that MAPE or Mean Absolute Percent Error is the measure for forecast performance for a planner/Division at the end of the month. It is more popularly … Read More
MAPE = Mean Absolute Percent Error. This is the common error measure used by the Supply Chain profession. Demand Planners and Demand Forecasters spread across the manufacturing sector use MAPE … Read More
A user in an APO forum lamented: “I am trying to use the Moving Average option in APO DP but I get a static forecast that remains constant for all the future … Read More