Calculating demand forecast accuracy: Difference between revisions

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==Calculating forecast error==
The forecast error needs to be calculated using actual sales as a base. There are several forms of forecast error calculation methods used, namely [[Mean percentage error|Mean Percent Error]], [[Root mean squared error|Root Mean Squared Error]], [[Tracking signal|Tracking Signal]] and [[Forecast bias|Forecast Bias]]..happy Birthday
 
== Reducing forecast error ==