As a sales analyst, if you wish to compare forecasting accuracy across several time periods, the percentage forecasting error formula [% error = (forecast - actual)/actual] should be used.

Question

Quizplus · Accepted Answer

The correct formula for percentage forecasting error is [% error = (actual - forecast)/actual * 100]. This formula calculates the deviation of the forecasted value from the actual value as a percentage of the actual value, allowing for comparison across different time periods or datasets.

As a Sales Analyst, If You Wish to Compare Forecasting