Oks

Slide 1: Measuring Forecast Accuracy Prepared by : Jennifer Preston

Slide 2: Agenda 1. Basic Concept 2. Quantity Accuracy 3. Time Accuracy 4. All in One

Slide 3: Agenda – Basic Concept 1. Basic Concept 2. Quantity Accuracy 3. Time Accuracy 4. All in One

Slide 4: Basic Concept Forecast Error : FE  Ai  Fi Where : Ai – the actual value in time period i Fi – the forecast value in time period i

Slide 5: Dimensions of Forecast Accuracy FORECAST ACCURACY Quantity Time Accuracy Accuracy