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Forecast Accuracy %

Purpose -

Measures how close the forecasted demand is to actual demand

Operational Definition -

(1− (Actual Demand−Forecasted Demand)/Actual Demand)*100

Type of Metrics -

KPI

Function -

Finance

Associate Function -

Finance

Desired Trend -

Higher the better

Recommended Frequency - 

Monthly

External References -

https://blog.arkieva.com/top-10-demand-planning-metrics/

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