How do you properly track the performance of your forecast?
Use our accuracy tracking dashboard to track both MAPE and WAPE on the daily, weekly and quarterly level.
Please note that some issues may occur when using MAPE.
Check out this excellent article by Nicolas Vandeput on forecasting KPI’s, that also covers the downsides of using MAPE.
We believe as long as you understand your metrics it is still usefull to use MAPE in some cases.
Fill out the form below to instantly receive the Excel template with all the formulas already included. use it as your tracking tool or as inspiration for building your own!