Forecasting performance measures – what are their practical meaning?

Producing good forecast is a vital aspect of a business. The accuracy of these forecasts could have a critical impact on the organization. We introduce a new, practical, and meaningful forecast performance measure called percentage forecast error (PFE). The results of comparing and evaluating this new measure to traditional forecasting performance measures under several different simulation scenarios are presented in this chapter.

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Year of publication:	2010
Authors:	Klimberg, Ronald K. ; Sillup, George P. ; Boyle, Kevin J. ; Tavva, Vinay
Published in:	Advances in Business and Management Forecasting : Vol. 7. - Bradford : Emerald Group Publishing Limited, ISBN 978-0-85724-202-0. - 2010, p. 137-147
Subject:	Performance-Messung \| Performance measurement \| Prognoseverfahren \| Forecasting model \| Simulation

Type of publication:	Article
Language:	English
Other identifiers:	10.1108/S1477-4070(2010)0000007012 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10015380908