The Fallacy of Forecast Accuracy
Does a more accurate forecast guarantee better supply chain decisions?
Foto: Slimstock
Slimstock says... maybe not! Read this thought-provoking analysis by @Steven Pauly to learn why.
'The Fallacy of Forecast Accuracy' challenges the assumption that forecast accuracy directly leads to improved decision-making in inventory control.
The paper argues that traditional accuracy metrics (MAE, RMSE, MAPE) are insufficient because they do not capture the uncertainty of demand.
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Learn why probabilistic forecasting and probabilistic accuracy metrics are essential for making truly informed decisions.
