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Glossary Logistics / Term

Forecast Accuracy

Measures how accurate your forecast is as a percent of actual units or dollars shipped, calculated as 1 minus the absolute value of the difference between forecasted demand and actual demand, as a percentage of actual demand.

Calculation: [1-(|Sum of Variances|/Sum of Actual)].

Permanent link Forecast Accuracy - Creation date 2021-12-06


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