Forecasting Efficiency Quotient (FEQ) vs. GMRAE
There are more questions on the comparison between FEQ and GMRAE. Please review the material on the http://www.demandplanning.net/DemandMetricsExcelTemp.htm. We will post the comparison shortly.
The Forecasting Efficiency Quotient
As demand planners, have we added value through forecasting? Is your forecasting effort efficient? You can answer in the affirmative, if your diligent efforts in demand planning has resulted in … Read More
Demand Metrics for Forecast Diagnostics
We just published a new Demand Metrics Diagnostics Template for all DPNet users. This template is provided as a reference to calculate the health of the modeled forecast for one … Read More
Calender Effect in Forecasting
Hi All, As we know last weekend was long holiday for US. Our sales was also affected. So for forecasting can anybody suggest how to include calendar effects in ARIMA … Read More
Forecast Bias Over Tracking Signal
Tracking Signal is used to measure forecasting bias over time for the same SKU/Product especially when bias approaches extreme proportions and crosses a threshold. This comes from the Quality Control … Read More
Forecast Accuracy (%)
Regarding the measurement of the forecast accuracy I would like to ask a question. The Formula 1 below shows a common (or intuitive) suggestion and is het one I would use … Read More
Best and Worst Practices in Demand Planning
Demand Planning Best practices in a training workshop format.
Response to MAPE and MPE Calculations – Mark Chockalingam
This post addresses a practitioner question on MAPE and MPE calculations. In both cases, always use the measure that is volume weighted.
Confusion of MAPE/MPE Calculation
I have some confusion of MAPE/MPE calculation, since the source is different, the methodology is also different, indeed confused. For MAPE, 1)average of absolute error/actual demand 2)sum of absolute error/sum … Read More
Customer Focused Supply Chain Collaboration
I will be speaking on Customer Focused Supply Chain collaboration on Wednesday Oct. 13th at the Bear & Grill Restaurant, Orange CT at 6:30pm as part of the New Haven … Read More