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?...
Category: Forecasting
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...
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...
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 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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