Professional Documents
Culture Documents
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Actual
360
381
391
601
666
693
561
601
721
Forecast
442
469
371
654
690
730
688
661
620
Mark Chockalingam:
The small letters indicate column indexes.
Month
Actual
Demand
Quantity
Forecasted
Demand
Forecast
Error
Absolute
Deviation (from
Mean Demand)
Cumulative
Absolute
Deviation
Formula
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Total
Average
(b-c)
360
381
391
601
666
693
561
601
721
4975.00
552.78
442
469
371
654
690
730
688
661
620
5325.00
591.67
Mchockalingam:
Error is with reference to the forecast.
Deviation is with reference to the Average
of the actual demand.
cumulative (e)
-82.00
-88.00
20.00
-53.00
-24.00
-37.00
-127.00
-60.00
101.00
-350.00
-38.89
192.78
171.78
161.78
48.22
113.22
140.22
8.22
48.22
168.22
1052.67
116.96
192.78
364.56
526.33
574.56
687.78
828.00
836.22
884.44
1052.67
Mchockalingam:
Deviation is with
reference to the mean of
the actual demand.
Sr. No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Cumulative Forecast
Error
Absolute Forecast
Error
Cumulative Abs
Forecast. Error
Relative
Absolute Error
cumulative (d)
absolute (d)
Cumulative (h)
i/f
-82.00
-170.00
-150.00
-203.00
-227.00
-264.00
-391.00
-451.00
-350.00
82
88
20
53
24
37
127
60
101
592.00
65.78
Forecast Metrics
Number of Observations
Arithmetic Mean of Actual Demand
Mean Absolute Deviation (MAD)
Standard Deviation
Coefficient of Variation
Mean Percent Error (MPE)
Mean Absolute Percent Error ( MAPE)
Forecast Bias
Weighted Absolute Percent Error (WMAPE)
MAD-Mean Ratio
Forecasting Efficiency Quotient
R-Square
Mean Squared Error (MSE)
Root Mean Square Error (RMSE)
Median Absolute Percent Error (MdAPE)
Tracking Signal
Geometric Mean of Relative Absolute Error (GMRAE)
Durbin-Watson
Mean Absolute Scaled Error
0.43
0.47
0.36
0.42
0.39
0.37
0.52
0.56
0.56
82.00
170.00
190.00
243.00
267.00
304.00
431.00
491.00
592.00
Value
9
552.78
65.78
140.69
25%
-9%
13%
-7.04%
11.90%
11.90%
53.25%
0.69
5,506
74.20
10%
-5.32
0.45
1.14
0.84
Absolute %
Error
Delta between
subsequent
Demand
Observations
d/b
h/b
Running Mean
Absolute
Signed % Error
Deviation (MAD)
k
Running Mean of
(h)
82.00
85.00
63.33
60.75
53.40
50.67
61.57
61.38
65.78
23%
23%
5%
9%
4%
5%
23%
10%
14%
115%
13%
-23%
-23%
5%
-9%
-4%
-5%
-23%
-10%
14%
-77%
-9%
MASE
21
10
210
65
27
132
40
120
625.00
78.13
0.84
Mchockalingam:
Mchockalingam:
Mean percent Error - Not a recommended method
since extremely small values will heavily influence this
calculation.
Recommended method is to use the Forecast Bias.
ed method
influence this
ecast Bias.
Tracking signal
Forecast Error
Squared
Error^2
(cumulative (d)/k)
(b-c)^2
-1.00
-2.00
-2.37
-3.34
-4.25
-5.21
-6.35
-7.35
-5.32
6,724
7,744
400
2,809
576
1,369
16,129
3,600
10,201
49,552
5,506
37,163
29,508
26,172
2,325
12,819
19,662
68
2,325
28,299
158,342
17,594
Mchockalingam:
MASE: Mean Absolute Scaled Error
Formula=MAD/MAD attained on Historical sales
MASE does not have an intuitive explanation and not widely adopted.
36
11,664
5,329
841
169
8,100
4,489
25,921
56,549
Sr. No
Paramaeter
Formula
Mean
Standard Deviation
R-Square
Adjusted R-Square
Durbin-Watson
Forecast Error
MAPE
MAD
MAD
10
MASE
11
MAPE
Relative Absolute
Error
12
13
Forecasting
Efficiency Quotient
FEQ
CV WMAPE
CV
ormula
symbols used
n
Y, A
F
e
k
P(ij)
Tj
WMAPE
CV
Predicted value
Target Value
symbols used
Number of observations/sample space
Actual value
Forecast Value
error
number of parameters
250.00
200.00
150.00
100.00
50.00
0.00
Dec-09
Jan-10
Mar-10
May-10
Jun-10
Absolute Forecast Error
Aug-10
Sep-10
1200.00
1000.00
800.00
600.00
400.00
200.00
0.00
Dec-09
Jan-10
Mar-10
May-10
Jun-10
Aug-10
Sep-10