WMAPE (Weighted Mean Absolute Percentage Error)
WMAPE needs an explicit formula. Actual weights can reproduce WAPE, while business weights, aggregation, and zero handling change the result.
WMAPE needs an explicit formula. Actual weights can reproduce WAPE, while business weights, aggregation, and zero handling change the result.
Two forecasts with identical 8% WAPE: one misses the big item by 11.4%, the other forecasts a small item at a fifth of its demand.