Demand forecasts and error
Use demand forecasts and error to make decisions inspectable.
What you should be able to do
Independently: Compare forecast and actual demand and retain error history.
Suggested prerequisites
A short guide
Use demand forecasts and error to make decisions inspectable. Compare forecast and actual demand and retain error history. Read the indicated source section, identify its key concepts and conditions, and work through the example. Record inputs, sources, units and assumptions. Keep your method separate from the result, mark unanswered questions, and review the output against the checklist.
An example
Forecast 100 vs actual 80 overestimates by 20.
Your task
Compare forecast and actual demand and retain error history.
Start with this source
Read the indicated section relevant to demand forecasts and error and complete the foundation task.
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Your learning checklist
Required items: 0 / 10 completed or already known
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