Math, asked by hardiknarain2971, 1 month ago

How do you figure out if forecast is bias?

Answers

Answered by Mohanapratika

0

Answer:

BIAS = Historical Forecast Units (Two-months frozen) minus Actual Demand Units.

If the forecast is greater than actual demand than the bias is positive (indicates over-forecast). ...

On an aggregate level, per group or category, the +/- are netted out revealing the overall bias.

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