The Family Tree of MAPE

I saw this news article on CNN (here) about our planet’s earth bigger, older cousin. Quite an interesting discovery if you ask me. However, it got me thinking about the family tree of Mean Absolute Forecast Error (MAPE), a subject that I am a little bit familiar with. A few weeks ago, I wrote about

By |2024-02-21T14:21:08-05:00July 28th, 2015|Forecasting|

Two Sides of the MAPE Coin

Key Points on MAPE: Mean Absolute Percent Error (MAPE) is a useful measure of forecast accuracy and should be used appropriately. Because of its limitations, one should use it in conjunction with other metrics. While a point value of the metric is good, the focus should be on the trend line to ensure that the

By |2019-04-13T23:10:00-04:00July 9th, 2015|Demand Planning, Forecasting, Supply Chain|

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