Research output: Contribution to Journal/Magazine › Journal article › peer-review
Accuracy and accuracy-implication metrics for intermittent demand. / Boylan, John; Syntetos, Aris.
In: Foresight: The International Journal of Applied Forecasting, Vol. 4, 2006, p. 39-42.Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - Accuracy and accuracy-implication metrics for intermittent demand
AU - Boylan, John
AU - Syntetos, Aris
PY - 2006
Y1 - 2006
N2 - John and Aris distinguish between forecase-accuracy metrics, which measure the errors resulting from a forecast method, and accuracy-implication metrics, which measure the achievement of the organization's stockholding and service-level goals. Both measurements are important. The correct choice of a forecast-accuracy metric depends on the organization's inventory rules, and on whether accuracy is to be gauged for a single item or across a range of items, The authors recommend specific accuracy and accuracy-implication metrics for each context. Copyright International Institute of Forecasters, 2006
AB - John and Aris distinguish between forecase-accuracy metrics, which measure the errors resulting from a forecast method, and accuracy-implication metrics, which measure the achievement of the organization's stockholding and service-level goals. Both measurements are important. The correct choice of a forecast-accuracy metric depends on the organization's inventory rules, and on whether accuracy is to be gauged for a single item or across a range of items, The authors recommend specific accuracy and accuracy-implication metrics for each context. Copyright International Institute of Forecasters, 2006
M3 - Journal article
VL - 4
SP - 39
EP - 42
JO - Foresight: The International Journal of Applied Forecasting
JF - Foresight: The International Journal of Applied Forecasting
SN - 1555-9068
ER -