Should you factor returns in your forecast error calculation? In this article, we’ll use a sample data set, to demonstrate if you should consider returns when calculating your forecast errors.
I spent some time discussing MAPE and WMAPE in prior posts. In this post, I will discuss Forecast BIAS. Forecast BIAS can be loosely described as a tendency to either Forecast BIAS is described as a tendency to either over-forecast (meaning, more often than not, the forecast is more than the actual), or under-forecast (meaning, more often