You monitor forecast accuracy:
- To find out whether you are using the right forecast models
- To identify what adjustments are needed to the forecast models
- To project expected deviation from the planned forecast
APO offers the following ways to monitor forecast accuracy:
- Statistical error analysis
- Univariate forecast error measurements
- Multiple linear regression model measures of fit
- Planned/actual comparison
- Viewing purpose-designed KPIs with a BW front end (BW is the SAP Business Information Warehouse)