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Tracking Forecast Accuracy

When you save a forecast project, Forecast Pro stores the statistical forecasts, the baseline forecasts and the final (i.e., adjusted) forecasts in the project’s database. This means that if you have been updating your project and forecasts every planning period (for example, every month), that in addition to the current month’s forecast, your project’s database will contain forecasts that were generated in previous months. This record of previously generated forecasts is referred to as a forecast archive.

Maintaining a forecast archive allows you to track your forecast accuracy by comparing the forecasts that you generated previously to what actually happened. In this lesson we will explore Forecast Pro’s tracking report, tracking graph views which are the primary vehicles for making this comparison.


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