Manufacturing · Odoo glossary
Forecast Error
The difference between forecast demand and observed demand for a defined item, period and forecast horizon.
Definition
In general ERP practice
The difference between forecast demand and observed demand for a defined item, period and forecast horizon.
In Odoo
In an Odoo implementation, State the sign convention and measurement method. An average signed error can hide large positive and negative errors that cancel one another.
References and further reading
Official background for the related subject and implementation context.
Related glossary terms
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