Mean Absolute Percentage Error (MAPE) Has Served Its Duty and Should Now Retire
BlueYonder
AUGUST 4, 2022
According to Gartner (2018 Gartner S ales & O perations P lanning Success Survey ), the most popular evaluation metric for forecasts in Sales and Operations Planning is Mean Absolute Percentage Error (MAPE). Modern forecasts concern small quantities on a disaggregated level such as product-location-day. This needs to change.
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