Forecasting - Measurement of error (MAD and MAPE) - Example 2

[@lynbellibunao4646]

Thank you sir, you have just save a student!!!!

[@mr.ashuanand10M]

Mape me divided by N hota hai last me ?

[@fajarkhan4869]

Very well explained. Thank you!!

[@miscellaneous_misha]

But I don't understand what is the actual use of MADE and MAPE why is it required to calculate these two terms in order to forecast numbers. Can you please explain to me ?

[@ruchigoswami557]

What to do if initial forcast for may is not given

[@23hendersonsteve]

If the initial forecast for may is not given, you are supposed to get the average of all the numbers in the sales column. Add them up and divide by to the total, to get the initial forecast for may

[@msimisidlamini8718]

There was an error at 6:23..... he used the September actaul demand instead of the October actual demand

[@arunbraveen8828]

Thank you, very clear.

[@bibobnoor1030]

Thanks for the great video

[@harishganesan3418]

Calculation alone is not important. What is the interpretation for MAPE of 11.9%?

[@benedictmoreyour1039]

thank you very much really help

[@amlal-j3822]

Really help

[@zimmohammad1620]

The formula is wrong for forecast.
Forecast = Actual + alpha ( actual - forecast)/n

[@amlal-j3822]

Thank you wallah

[@buddhathakuri]

awesome

[@mohammedtaher3717]

Thanks!

[@arvindbirdwatcher5897]

U should have used Excel to present Time lost in a big way. Had to skip on account of this

[@mohamedgoussanem7013]

Planning d approvisionnememt