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 -