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Advantages of the MAD/Mean ratio over the MAPE

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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Advantages of the MAD/Mean ratio over the MAPE. / Kolassa, Stephan.
In: Foresight, Vol. 2007, No. 6, 2007, p. 40-43.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Kolassa, S 2007, 'Advantages of the MAD/Mean ratio over the MAPE', Foresight, vol. 2007, no. 6, pp. 40-43. <https://EconPapers.repec.org/RePEc:for:ijafaa:y:2007:i:6:p:40-43>

APA

Kolassa, S. (2007). Advantages of the MAD/Mean ratio over the MAPE. Foresight, 2007(6), 40-43. https://EconPapers.repec.org/RePEc:for:ijafaa:y:2007:i:6:p:40-43

Vancouver

Kolassa S. Advantages of the MAD/Mean ratio over the MAPE. Foresight. 2007;2007(6):40-43.

Author

Kolassa, Stephan. / Advantages of the MAD/Mean ratio over the MAPE. In: Foresight. 2007 ; Vol. 2007, No. 6. pp. 40-43.

Bibtex

@article{1cd6f6b1f8d24eb8ad0a12727ba4297f,
title = "Advantages of the MAD/Mean ratio over the MAPE",
abstract = "Stephan Kolassa and Wolfgang Sch{\"u}tz provide a careful look at the ratio MAD/Mean, which has been proposed as a substitute metric for the MAPE in the case of intermittent demand series. They explain how MAD/Mean can be viewed as a weighted mean of absolute percentage errors and thus as a weighted alternative to MAPE. They describe several advantages of MAD/Mean to the MAPE including applicability to inventory decisions, absence of bias in method selection, and suitability for series with intermittent as well as near-zero demands. Copyright International Institute of Forecasters, 2007",
author = "Stephan Kolassa",
year = "2007",
language = "English",
volume = "2007",
pages = "40--43",
journal = "Foresight",
issn = "1463-6689",
publisher = "Emerald",
number = "6",

}

RIS

TY - JOUR

T1 - Advantages of the MAD/Mean ratio over the MAPE

AU - Kolassa, Stephan

PY - 2007

Y1 - 2007

N2 - Stephan Kolassa and Wolfgang Schütz provide a careful look at the ratio MAD/Mean, which has been proposed as a substitute metric for the MAPE in the case of intermittent demand series. They explain how MAD/Mean can be viewed as a weighted mean of absolute percentage errors and thus as a weighted alternative to MAPE. They describe several advantages of MAD/Mean to the MAPE including applicability to inventory decisions, absence of bias in method selection, and suitability for series with intermittent as well as near-zero demands. Copyright International Institute of Forecasters, 2007

AB - Stephan Kolassa and Wolfgang Schütz provide a careful look at the ratio MAD/Mean, which has been proposed as a substitute metric for the MAPE in the case of intermittent demand series. They explain how MAD/Mean can be viewed as a weighted mean of absolute percentage errors and thus as a weighted alternative to MAPE. They describe several advantages of MAD/Mean to the MAPE including applicability to inventory decisions, absence of bias in method selection, and suitability for series with intermittent as well as near-zero demands. Copyright International Institute of Forecasters, 2007

M3 - Journal article

VL - 2007

SP - 40

EP - 43

JO - Foresight

JF - Foresight

SN - 1463-6689

IS - 6

ER -