- Joined
- 5/4/15
- Messages
- 1
- Points
- 11
Hi all,
I am working on a forecasting model. AS the subject clearly says that the matter is really delicate and important. I know all the basics of forecasting but still I want to learn about some of the questions that we would like to answer using forecast, or is it just used to compare actuals in future?? What kind of questions you would want to answer through forecast?? And what is the relevance of Mean Absolute Percentage Error in this?? I found in other forums that people don't recommend this parameter to fixate over to judge the forecast. So what should I use then??
I am working on a forecasting model. AS the subject clearly says that the matter is really delicate and important. I know all the basics of forecasting but still I want to learn about some of the questions that we would like to answer using forecast, or is it just used to compare actuals in future?? What kind of questions you would want to answer through forecast?? And what is the relevance of Mean Absolute Percentage Error in this?? I found in other forums that people don't recommend this parameter to fixate over to judge the forecast. So what should I use then??
Last edited: