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Forecast Accuracy Monitoring

Forecast Accuracy Monitoring measures the difference between forecasted demand and actual outcomes (sales, consumption, or production). It enables businesses to evaluate the reliability of their forecasting models and improve future predictions, ensuring better alignment between supply and demand.

Key Features​

  • Actual vs Forecast Comparison

  • Accuracy Metrics (MAPE, MAD, RMSE, Bias)

  • Daily/Weekly/Monthly Review Intervals

  • Forecast Model Performance Evaluation

  • Rolling Forecast Tracking

  • Product, Category, Region, and Channel-wise Drill-Down

  • Alerts on High Variance

  • Trend Analysis of Forecast Errors

  • Import from Excel or Integrated Forecast Engine