Jump to content

Recommended Posts

Posted
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? 
 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

This website uses cookies to ensure you get the best experience on our website. See our Privacy Policy and Terms of Use