Errors

How to View Errors in the Demand Forecasting

· Error is calculated based on the Actual Sales and the Forecasted Demand. The higher the difference between these values, the more will be the error calculated.

· There are various methods to calculate the errors. Some of the methods of error calculation used in the application are,

1. Mean Error.

2. Root Mean Square Error.

3. Mean Absolute Error.

4. Mean Percentage Error.

5. Mean Absolute Percentage Error.

6. Mean Absolute Scale Error.

· To view errors calculated at Product-Region-Data Measure, go to Menu bar --> forecast --> Reports --> Errors.