English, Article edition: Advantages of the MAD/Mean Ratio over the MAPE Stephan Kolassa; Wolfgang Schütz

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Advantages of the MAD/​Mean Ratio over the MAPE
Author
  • Stephan Kolassa
  • Wolfgang Schütz
Physical Description
  • article
Notes
  • 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 weighted alternative to MAPE. They describe several advantages of MAD/​Mean to the MAPE including applicability to inventory decisions, absence of bias in method selection, and suitability for series with intermittent as well as near-zero demands. Copyright International Institute of Forecasters, 2007
  • RePEc:for:ijafaa:y:2007:i:6:p:40-43
Language
  • English
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