Home > Terms > English, UK (UE) > Forecast error

Forecast error

The difference between actual demand and the forecast for a given time period. Past observations of forecast error are used in modifying new projected forecasts, and sometimes in calculating desired safety stock levels.

This is auto-generated content. You can help to improve it.
0
  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Software
  • Category: Supply chain
  • Company:
  • Product:
  • Acronym-Abbreviation:
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Sports Category: Stadiums

Itaipava Arena Fonte Nova

The Itaipava Arena Fonte Nova also known as Complexo Esportivo Cultural Professor Octávio Mangabeira is a football-specific stadium for the 2013 FIFA ...

Contributor

Featured blossaries

Hotels in Zimbabwe

Category: Travel   2 5 Terms

Robin Williams Famous Movies

Category: Entertainment   2 6 Terms