shirim Posted June 21, 2014 Posted June 21, 2014 hi, I am working on model that will verify how well my orders are being calculated Each week I am forecasting certain order that will occur in 1 month So for each actual order I have 4 forecasts from 4 weeks a head There are few measures I found that measure accuracy between actual order and it's forecast like MAD, MAPE,MFE Still haven't decided which one to use But I don't know how to handle the multiple forecasts for the same event? Does Avg. will be good? how do I take in account the STD between them?
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