The mean absolute percentage error is one way to express the forecast accuracy of past projections.
Yet, in the fast fashion market the quick response philosophy can result in higher forecast accuracy because the time period is significantly shortened.
Also, cross-listings tend to be associated with increased media attention, greater analyst coverage, better analysts' forecast accuracy, and higher quality of accounting information.
There are a lot of studies completed on the subject of forecast accuracy.
Some of the references below relate to academic studies of forecast accuracies.
In recent decades, consensus forecasts have attracted much interest, backed by the publication of academic research on forecast accuracy.
Empirical studies show that pooling forecasts increased forecast accuracy.
Associated risks with this method are: Low forecast accuracy and numbers of planners required.
Despite these challenges, two-thirds of companies in the consumer supply chain consider forecast accuracy a high business priority.
When Ahn leaves, this island is going to experience an 11 to 21% drop in forecast accuracy.