Forecasting

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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 Read more ...