Mean Absolute Percentage Error (MAPE) Has Served Its Duty and Should Now Retire
BlueYonder
AUGUST 4, 2022
For such granular forecasts, MAPE values are extremely hard to judge and thereby disqualify as useful forecast quality indicators. That reads much more involved than it is: Coming up with APE as a first shot for “forecast quality evaluation” is quite typical. But does this truly reflect forecast quality ? 1|/1), respectively.
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