shirim Posted June 21, 2014 Share 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? Link to comment Share on other sites More sharing options...
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now