Percentage Errors Can Ruin Your Day (and Rolling the Dice Shows How)

Management Science

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

Published

Standard

Percentage Errors Can Ruin Your Day (and Rolling the Dice Shows How). / Kolassa, Stephan; Martin, Roland.
In: Foresight: The International Journal of Applied Forecasting, No. 23, 2011, p. 21-27.

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

Harvard

Kolassa, S & Martin, R 2011, 'Percentage Errors Can Ruin Your Day (and Rolling the Dice Shows How)', Foresight: The International Journal of Applied Forecasting, no. 23, pp. 21-27. <https://foresight.forecasters.org/>

APA

Kolassa, S., & Martin, R. (2011). Percentage Errors Can Ruin Your Day (and Rolling the Dice Shows How). Foresight: The International Journal of Applied Forecasting, (23), 21-27. https://foresight.forecasters.org/

Vancouver

Kolassa S, Martin R. Percentage Errors Can Ruin Your Day (and Rolling the Dice Shows How). Foresight: The International Journal of Applied Forecasting. 2011;(23):21-27.

Author

Kolassa, Stephan ; Martin, Roland. / Percentage Errors Can Ruin Your Day (and Rolling the Dice Shows How). In: Foresight: The International Journal of Applied Forecasting. 2011 ; No. 23. pp. 21-27.

Bibtex

@article{487b493d93344d6f979438ca83c269de,

title = "Percentage Errors Can Ruin Your Day (and Rolling the Dice Shows How)",

abstract = "Foresight has printed many articles about the calculation, interpretation, and especially the dangers of percentage error metrics, such as the MAPE. Stephan and Roland now add to the list of dangers, showing how you can be led astray if you use the MAPE to select a best forecasting method or to reward forecast accuracy. Minimizing the MAPE is often not a good idea. Copyright International Institute of Forecasters, 2011",

author = "Stephan Kolassa and Roland Martin",

year = "2011",

language = "English",

pages = "21--27",

journal = "Foresight: The International Journal of Applied Forecasting",

issn = "1555-9068",

publisher = "International Institute of Forecasters",

number = "23",

}

RIS

TY - JOUR

T1 - Percentage Errors Can Ruin Your Day (and Rolling the Dice Shows How)

AU - Kolassa, Stephan

AU - Martin, Roland

PY - 2011

Y1 - 2011

N2 - Foresight has printed many articles about the calculation, interpretation, and especially the dangers of percentage error metrics, such as the MAPE. Stephan and Roland now add to the list of dangers, showing how you can be led astray if you use the MAPE to select a best forecasting method or to reward forecast accuracy. Minimizing the MAPE is often not a good idea. Copyright International Institute of Forecasters, 2011

AB - Foresight has printed many articles about the calculation, interpretation, and especially the dangers of percentage error metrics, such as the MAPE. Stephan and Roland now add to the list of dangers, showing how you can be led astray if you use the MAPE to select a best forecasting method or to reward forecast accuracy. Minimizing the MAPE is often not a good idea. Copyright International Institute of Forecasters, 2011

M3 - Journal article

SP - 21

EP - 27

JO - Foresight: The International Journal of Applied Forecasting

JF - Foresight: The International Journal of Applied Forecasting

SN - 1555-9068

IS - 23

ER -

Research

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