Metrics for capturing the accuracy of the daily forecasting models
| Naïve | MA | EWMA | |||||||
| Mean | Daily | Weekend | 1 day | 7 days | 3 days | 7 days | 3 days | 7 days | |
| MAD | 2.68 | 2.57 | 2.44 | 3.67 | 3.26 | 3.19 | 2.80 | 3.15 | 2.90 |
| MFE | −0.13 | −0.40 | −0.33 | −0.03 | −0.07 | −0.02 | −0.04 | −0.03 | −0.04 |
| MASE | 0.73 | 0.70 | 0.67 | 1.00 | 0.89 | 0.87 | 0.76 | 0.86 | 0.79 |
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.