Forecast Accuracy Measurement
forecast
accuracy
error
Industry
Manufacturing
For Whom
Planners, S&OP Managers, Demand Forecast Teams
Why You Need This
Are your forecasts helping or hurting? Measure accuracy to improve future predictions.
How It Works
We compare forecasted vs. actuals and highlight high-error products/timeframes.
Data Type
Time Series
What You Need
Forecast and actual data, error metric definitions (MAPE, RMSE).
What You Get
- Accuracy scorecards
- Segment definitions: Accurate, Under-forecasted, Over-forecasted SKUs
- Forecast improvement tips
How To Use It
Focus on underperforming areas and retrain models regularly.
Technique
Regression
Business Impact
Improve forecast reliability and business confidence (track error rate reduction).
How We Deliver This
Automated error tracking, forecast feedback loop, analyst coaching.
Can Be Extended To
Sales, finance, or workforce forecast accuracy monitoring.