top of page

Stat Forecast Accuracy %

Purpose -

Measures the accuracy of statistical forecasting models.

Operational Definition -

(1− (Statistical Forecast-Actual Demand)/Actual Demand)*100

Type of Metrics -

KPI

Function -

Planning - Demand

Associate Function -

Planning - Demand

Desired Trend -

Higher the better

Recommended Frequency - 

Monthly

External References -

https://www.netsuite.com/portal/resource/articles/accounting/demand-planning-kpis-metrics.shtml

Comments
Share Your ThoughtsBe the first to write a comment.
bottom of page