Table 4

Metrics for capturing the accuracy of the weekly forecasting models

MeanNaïveMAEWMA
2 weeks3 weeks4 weeks2 weeks3 weeks4 weeks
MAD6.518.527.896.967.337.737.437.28
MFE−1.89−0.59−0.63−0.69−0.54−0.61−0.62−0.62
MASE0.761.000.920.820.860.900.870.85
  • Time periods represent window sizes for moving average calculations.

  • EWMA, exponentially weighted moving average; MA, moving average; MAD, mean absolute deviation; MASE, mean absolute scaled error; MFE, mean forecast error.