Forecasting is about understanding variations

Article Abstract:

There are several tools that could be used for forecasting. First is MAPE (mean absolute percent error), which is the result when the average absolute error is divided by the mean demand. Second is MAPV (mean absolute percent variation), which is the result when the average absolute deviation is divided by the mean demand. Third is PVE (percent of variation explanation) analysis, which indicates whether the forecasting process is on the right track. Fourth is the detailed variation analysis, which determines whether changes in the forecasting process is needed.

Analysis, Error analysis (Mathematics), Instrumental variables (Statistics), Instrumental variables, Error analysis

---

Demand forecasting can support enterprise performance management

Article Abstract:

The importance of a process model for organizational performance measurement is discussed. Enterprise Performance Measurement (EPM), the concept that is under discussion with every business organization, goes beyond performance measurement and focuses light on the identification of loopholes that are present against performance targets, notifying them to the decision-makers, and suggests a model to resolve them.

Financial Forecasting, Business performance management

---

Forecasting heroes catch turning points

Article Abstract:

Forecasting a change in the business climate is an important skill for a business forecaster. Methods that can be used include econometrics and leading indicators.

Column

Similar abstracts:

• Abstracts: For Intel, tide is abruptly turning as analysts question whether it can retain profit margin. LSI Logic's quarterly charge reflects plans to update chip-making process
• Abstracts: Risk reduction and umbrella branding. Sources of superior performance: market share versus industry effects in the U.S. brewing industry
• Abstracts: The nation's economic outlook. Forecasting at Lockheed Martin Aircraft and Logistics Centers

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.