Stephan Kolassa and Wolfgang Schütz provide a careful look at the ratio MAD/Mean, which has been proposed as a substitute metric for the MAPE in the case of intermittent demand series. They explain how MAD/Mean can be viewed as a weighted mean of absolute percentage errors and thus as a...

Concluding a section on How to Assess Forecastability (Foresight, Issue 13), Stephan Kolassa comments on papers by Peter Catt and John Boylan (in the same issue). Stephan contrasts Catt’s preferred metric, approximate entropy, with Boylan’s lowest achievable forecast error (lower bound),...

Misforecasting demand will cost profits and threaten reputations, market share, and even the business itself. Roland Martin and Stephan Kolassa draw on their expertise with retail companies to examine the major challenges for demand forecasting and the choices the demand forecaster must make....

Kolassa reviews these two recent publications. Copyright International Institute of Forecasters, 2012

Cover -- Demand Forecasting for Managers -- Contents -- Acknowledgments -- PART I: Introduction -- CHAPTER 1: Introduction -- CHAPTER 2: Choice Under Uncertainty -- CHAPTER 3: A Simple Example -- PART II: Forecasting Basics -- CHAPTER 4: Know Your Time Series -- CHAPTER 5: Time Series...