Author: Sujit Singh

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A Critical Look at Measuring and Calculating Forecast Bias

I cannot discuss forecasting bias without mentioning MAPE, but since I have written about those topics in the past, in this post, I will concentrate on Forecast Bias. Forecast Bias can be described as a tendency to either over-forecast (forecast is more than the actual), or under-forecast (forecast is less than the actual), leading to a forecasting error. There are many┬áreasons why such… Read more>>