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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). The US GPD is much larger than Tuvalu’s, but one would consciously, and for good reasons, decide to treat them equally.

Forecasting 98
Forecasting Tuvalu Modeling Forecasting Software 98
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KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

OCTOBER 30, 2017

A KPI is a metric… but not just any metric. A KPI is a metric focused on a KEY element of business, departmental, or team performance. There is really nothing wrong with capturing a lot of metrics, especially with today’s powerful analytics software solutions to help. Let me try to clarify.

KPI 93
KPI Guinea-Bissau Virgin Islands Papua New Guinea 93
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