Forecast Accuracy Metrics | Don't make these mistakes while applying | BIAS MAD MPE MAPE WMAPE

Поділитися
Вставка
  • Опубліковано 20 гру 2024

КОМЕНТАРІ • 6

  • @ToygarÇaparoğlu
    @ToygarÇaparoğlu 3 місяці тому

    Perfect explanation!

  • @brunanogueira8277
    @brunanogueira8277 7 місяців тому

    Great video!

  • @gurjinderkaur5007
    @gurjinderkaur5007 4 місяці тому

    Thank you for the video, very informative! Question: Which approach to take while aggregating all these metrics for multiple items observed over last 'n' time periods? Does averaging makes sense? Because in the end we have to report a single metric to demonstrate the quality of our forecasts and it's always challenging for me to figure this out, given hundreds or thousands of forecasts.

    • @learningsupplychain
      @learningsupplychain  3 місяці тому +1

      I think besides averaging, and also keep min and max values.