Forecast Error: MAD, MAPE, Bias & the Tracking Signal
This lesson is part of the course
In this lesson
You measure eight months of forecast error for the fictional pump maker Brightwell Pumps and find out, with the tracking signal, whether the forecast is biased.
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Lessons in this course
- Forecast Error: MAD, MAPE, Bias & the Tracking Signal Locked
- EOQ, Total Annual Cost & the Quantity Discount Locked
- Safety Stock & Reorder Point from MAD and Service Level Locked
- MRP Explosion: Gross to Net, Lot-for-Lot & Lead-Time Offset Locked
- Master Production Schedule & Available-to-Promise Locked
- Capacity Requirements Planning: Load vs Rated Capacity Locked
- Inventory Turns, Days of Supply & Weeks of Supply Locked
- ABC Classification & Cycle Counting Frequency Locked