Klimberg, Ronald K.; Ratick, Samuel - In: Advances in business and management forecasting, (pp. 103-118). 2017
Forecasting is a vital part of the planning process of most private and public organizations. A number of extant measures: Mean Absolute Deviation (MAD), Mean Square Error (MSE) and Mean Absolute Percentage Error (MAPE), have been used to assist in judging the forecast accuracy, and...