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How to measure forecast accuracy ?

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Question ajoutée par Utilisateur supprimé
Date de publication: 2014/03/31
Ameya Pai Angle
par Ameya Pai Angle , Summer Intern (Purchase and Warehouse Management) , Indoco Remedies Ltd

Though I do not have practical experience of forecasting, a theoritical answer would be

1. Using multiple methods of forecasting

2. Comparing with sales data of previous year and analysing with current market conditions

3. conducting test on sample and extrapolating it for larger audience.

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