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
Is MAPE controversial?
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
The Mystery of Moving Averages
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
Hello Demand Planners!
Welcome to the forecasting blog! These are collection of thoughts on forecasting, demand planning, Sales and Operations planning and corporate strategy! Please contribute your thoughts and comments to enhance the … Read More