How can I compare different forecast models?

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  • AMuresan
    AMuresan

    You can compare how accurate their forecasts were on historical data and see which holds out the best.

    The tool provides a measure of how good they are on the historical data:

    image.png

    That 11% is a measure of how much error there was in historical forecasts over the same number of periods as the user is requesting.

    NOTE: this is a SMAPE measure and not raw error.

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