Reporting Forecast Accuracy At Sales and Operations Planning Meetings
You have a favorite forecast accuracy metric(s) you’ve been practicing within the organization for a while, and now you think...
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- August 4th, 2015
Category: Demand Planning
The Family Tree of MAPE
I saw this news article on CNN (here) about our planet's earth bigger, older cousin. Quite an interesting discovery if...
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- July 28th, 2015
How To Measure BIAS In Forecast
I spent some time discussing MAPE and WMAPE in prior posts. In this post, I will discuss Forecast BIAS. Forecast BIAS can...
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- July 21st, 2015
How to Report Forecast Accuracy to Management
In our line of work at Arkieva, when we ask this question of business folks: What is your forecast accuracy?...
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- July 14th, 2015
Two Sides of the MAPE Coin
Key Points on MAPE: Mean Absolute Percent Error (MAPE) is a useful measure of forecast accuracy and should be used...
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- July 9th, 2015
8 Ways to Encourage Sales Teams to Provide Forecast Input
Sales is a fast-paced business; people who aren't focused on the here and now usually lose out on sales. As...
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- April 15th, 2015
Let’s Talk – Demand Planner to Account Executive
In our last post, Sujit discussed the importance of gathering input from participants as a way to mitigate biases. In...
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- April 8th, 2015
Is Your Forecast Biased Much?
Recently, someone forwarded a Live Science web link to me. The web page had information on how human brains are...
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- April 1st, 2015
5 Reasons Collaboration Can Make Your Forecast Better
When businesses try to predict their future demand, they often begin with a mathematics based statistical forecast. Once this is...
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- March 3rd, 2015
5 Steps to a Better Statistical Forecast
Developing an accurate as possible forecast is very important in running a business. Demand planners spend countless hours trying to create...
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- February 6th, 2015
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