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Forecast Bias

Purpose -

Identifies consistent over- or under-forecasting trends.

Operational Definition -

(Sum of Forecast Errors / Number of Forecasts)

Type of Metrics -

KPI

Function -

Planning - Demand

Associate Function -

Planning - Demand

Desired Trend -

Closer to 0 is better

Recommended Frequency - 

Monthly

External References -

https://www.unleashedsoftware.com/blog/what-is-demand-planning/

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