Forecast Accuracy definition

Forecast Accuracy means the accuracy of the “Lag 2 Week” included in Bottler’s Rolling Forecast for each Distribution Center, which is the forecasted volume to be purchased from CCR for the second week of each such Rolling Forecast, and is measured as 1 minus the Mean Absolute Percent Error (MAPE) over the 1 week period measured. “MAPE” is defined as the sum across all SKUs of the absolute value of the difference between the SKU-level Lag-2 Week of the Rolling Forecast provided to CCR and the actual SKU-level trade sales of Product sold by Bottler in the Territory for such Lag-2 Week, divided by the actual SKU-level trade sales of Product sold by Bottler in the Territory for such Lag-2 Week. Bottler will not be responsible for forecast errors to the extent attributable to Product not delivered by CCR (i.e., the calculation will be adjusted to take into account Product not delivered by CCR to a particular Distribution Center for the Lag-2 Week period in question).
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Forecast Accuracy means the accuracy of the “Lag 2 Week” included in Purchaser’s Rolling Forecast for each Purchaser Distribution Center or Regional Manufacturing Facility, which is the forecasted volume to be purchased from Supplier for the second week of each such Rolling Forecast, and is measured as 1 minus the Mean Absolute Percent Error (MAPE) over the 1 week period measured. “MAPE” is defined as the sum across all SKUs of the absolute value of the difference between the SKU-level Lag-2 Week of the Rolling Forecast provided to Supplier and the actual SKU-level trade sales of Product sold by Purchaser in the Territory for such Lag-2 Week, divided by the actual SKU-level trade sales of Product sold by Purchaser in the Territory for such Lag-2 Week. Purchaser will not be responsible for forecast errors to the extent attributable to Product not delivered by Supplier (i.e., the calculation will be adjusted to take into account Product not delivered by Supplier to a particular Distribution Center or Regional Manufacturing Facility for the Lag-2 Week period in question).
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Forecast Accuracy shall be a percentage calculated for a particular calendar period as follows: one hundred percent (100%) minus a percent equal to the absolute value of ((the number of cases of Products actually ordered during the period minus the number of cases of Products forecasted to be ordered for the period) divided by the number of cases of Products actually ordered during the period). As an illustration of the above, if 100 cases were forecasted to be ordered during the period and only 80 were actually ordered during the period the Forecast Accuracy is: 100% - (80 - 100)/80 = 75%
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Examples of Forecast Accuracy in a sentence

  • See the Reporting Requirements Manual for greater detail on each requirement and its function.Routine Year Round Submissions Academic – Academic achievement determinations for all schools will be based on student progress over time (growth), student achievement (status), and college and career readiness.Financial – The near term fiscal health of schools is assessed through four measures: 1) Current Ratio;2) Unrestricted Days Cash on Hand; 3) Enrollment Forecast Accuracy; and 4) Debt Default.

  • An example illustrating Forecast Accuracy scores on the TCWF display.

  • Insider Trading and Information Flow to Financial Markets: Evidence from Analyst Forecast Accuracy.

  • That is, a 100% holding company of a RLE must have more than one shareholder or participant.

  • Forecast Accuracy for NYS Employment and Wages The main data source available for the NYS model is the QCEW data obtained from the NYS Department of Labor (DOL).

  • The Forecast Accuracy Results Using The RMSE Measure, Relative To The Naive-Benchmark Model For AUSTRALIA And US Datasets.

  • U.S. Government Accountability Office, Airport and Airways Trust Fund: Factors Affecting Revenue Forecast Accuracy and Realizing Future FAA Expenditures, GAO-12-222, January 23, 2011.

  • For example, if a buy recommendation generates a return of 7% for 60 days, the annualized return is 43% (7%*365/60).Earnings Forecast Accuracy.

  • This will highlight any need for improvement of data, assumption, or methodologies, which will be outlined in a forecast improvement plan, as explained further in Section 4.2.AEMO will develop and consult on a Forecast Accuracy Methodology Paper during 2020 to supplement the methodology papers listed in Figure 3.

  • Forecast Accuracy and PerformanceForecast accuracy and performance measures are computed and evaluated for crop years 1986 through 1999.


More Definitions of Forecast Accuracy

Forecast Accuracy means the accuracy of the “Lag 2 Week” included in Purchaser’s Rolling Forecast for each Purchaser Distribution Center, which is the forecasted volume to be purchased from Supplier for the second week of each such Rolling Forecast, and is measured as 1 minus the Mean Absolute Percent Error (MAPE) over the 1 week period measured. “MAPE” is defined as the sum across all SKUs of the absolute value of the difference between the SKU-level Lag-2 Week of the Rolling Forecast provided to Supplier and the actual SKU-level trade sales of Product sold by Purchaser in the Territory for such Lag-2 Week, divided by the actual SKU-level trade sales of Product sold by Purchaser in the Territory for such Lag-2 Week. Purchaser will not be responsible for forecast errors to the extent attributable to Product not delivered by Supplier (i.e., the calculation will be adjusted to take into account Product not delivered by Supplier to a particular Distribution Center for the Lag-2 Week period in question).
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Forecast Accuracy means the accuracy of the “Lag 2 Week” included in CCR’s Rolling Replenishment Forecast for each Distribution Center, which is the forecasted volume to be purchased from Bottler for the second week of each such Rolling Replenishment Forecast, and is measured as 1 minus the Mean Absolute Percent Error (MAPE) over the 1 week period measured. “MAPE” is defined as the sum across all SKUs of the absolute value of the difference between the SKU-level Lag-2 Week of the Rolling Replenishment Forecast provided to Bottler and the actual SKU-level shipments of Product shipped to CCR for such Lag-2 Week, divided by the actual SKU-level shipments of Product shipped to CCR for such Lag-2 Week. CCR will not be responsible for forecast errors to the extent attributable to Product not delivered by Bottler (i.e., the calculation will be adjusted to take into account Product not delivered by Bottler to a particular Distribution Center for the Lag-2 Week period in question). CCR will use commercially reasonable efforts to (a) meet the “Forecast Accuracy Performance Target” set forth in the Service Level Agreement, and (b) track, measure, and report to Bottler Forecast Accuracy weekly by Lag 2 Week.
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Related to Forecast Accuracy

  • Forecasts means the quantity of Items or Services that Buyer reasonably anticipates it may purchase during a specified time.

  • Forecast has the meaning set forth in Section 4.1.

  • Accuracy means the difference between a measured value and a reference value, traceable to a national standard and describes the correctness of a result.

  • Forecast GDP means the average forecast for British Columbia’s real GDP growth made by the Economic Forecast Council and as reported in the annual February budget of the government;

  • Representations and Warranties The energy service under this Agreement will meet the applicable LDU’s standards and may be supplied from a variety of sources. Tomorrow Energy makes no representations or warranties other than those expressly set forth in this Agreement, and Tomorrow Energy expressly disclaims all other warranties, express or implied, including warranties of merchantability and fitness for a particular purpose.

  • Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;

  • Company Financial Information As defined in Section 2(a)(ii).

  • Representations means the written Representations and Warranties provided by Borrower to Silicon referred to in the Schedule.

  • Projections as defined in Section 6.2(c).

  • Purchaser Financial Statements shall have the meaning specified in Section 4.8.1.

  • Closing Financial Statements has the meaning set forth in Section 6.22.

  • Warranties - means collectively any and all warranties (if any) given by the Bidder in terms of this agreement.

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Information Package means the most recent compilation of financial and other data with respect to the Failed Bank, including any amendments or supplements thereto, provided to the Assuming Institution by the Corporation on the web site used by the Corporation to market the Failed Bank to potential acquirers.

  • Rolling Forecast has the meaning set forth in Section 4.2.

  • Pick Up Report means the report detailing the number of sleeping rooms per day actually used out of the Program’s room block.

  • Financial Information has the meaning set forth in Section 4.6.

  • Estimates means annual estimates or supplementary estimates;

  • MI Report means a report containing Management Information submitted to the Authority in accordance with Framework Schedule 8 (Management Information);

  • Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.

  • Disclosure Materials has the meaning set forth in Section 3.1(h).

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Required Financial Information means, with respect to the applicable Calculation Date, (i) the financial statements of the Consolidated Parties required to be delivered pursuant to Section 7.1(a) or (b) for the fiscal period or quarter ending as of such Calculation Date, and (ii) the certificate of an Executive Officer of the Borrower required by Section 7.1(c) to be delivered with the financial statements described in clause (i) above.

  • forecast prices and costs means future prices and costs that are:

  • Quarterly Financial Statements is defined in Section 6.2(a).

  • Buyer Financial Statements has the meaning set forth in Section 4.7.