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Definition of forecast error in English English dictionary
- The difference between actual demand and forecasted demand
- (Ticaret) 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
forecast error
Hyphenation
fore·cast er·rorTurkish pronunciation
fôrkäst erırPronunciation
/ˈfôrˌkast ˈerər/ /ˈfɔːrˌkæst ˈɛrɜr/
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