Forecasting accuracy for dummies
Tracking signal is a measure of forecast accuracy.
Here are some excel tables with examples
Basic equations for accuracy assessment
Mean absolute (MAD) error is linked to standard deviation.
MAD and sigma link is valid only for normal distribution
Tracking signal is a measure of forecast accuracy.
Cost or volume weighted forecast accuracy
Other autors files: Power point on Bias
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Video: bias in forecasting
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Video: cost of accuracy
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