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Error Metrics: How to Evaluate Your Forecasts

Jedox Finance

When considering the performance of any forecasting model, the prediction values it produces must be evaluated. An error metric is a way to quantify the performance of a model and provides a way for the forecaster to quantitatively compare different models 1. Where y’ is forecasted value and y is the true value.

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Did Amazon’s Market Share Drop To 37%?

PYMNTS

online sales to 37.7 In the April letter Amazon for the first time officially confirmed the percentage total gross merchandise sales in 2018 that came via third-party sellers — 58 percent. retail sales is only 4 percent. Amazon’s retail business competes in the worldwide market for retail sales,” the Amazon spokesperson said.

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The December Doldrums: Retail Forecast Between Thanksgiving And Christmas

PYMNTS

Thanksgiving weekend — including the evening of Thanksgiving itself and the sales that go with it — only generates around 15 percent of holiday spending, according to retail consulting firm Customer Growth Partners. And while that 15 percent is substantial — with eCommerce sales up 17 percent on Black Friday to hit a record $5.03

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Big eCommerce Performance Powers Target’s Big Q3 Beat

PYMNTS

a share forecast pre-release. billion — again beating forecasts for $18.49 Same-store sales, the most watched metric in physical retail, grew by 4.5 percent growth forecast. It is part and parcel of a holiday season that Target is forecasting to be merry, bright and lucrative. Revenue grew 4.7 percent to $18.67

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Trying To Reason With Returns Season: 51 Percent Of Consumers Would Keep Goods For Discounts

PYMNTS

While early to mid-January is always the return season, this year has long been forecast to be a spot more active than its predecessors given the volume of gifts bought online during the 2020 holiday rush. The math gets a bit more involved when it comes to why the consumer is returning an object.

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Girl Scouts Are Bringing mPOS To The Cookie Booth

PYMNTS

The cookies are popular enough to even inspire Thin Mint-flavored coffees from major brands like Dunkin’ – but sales often hit a stumbling block at the point of sale: Many troops only accept cash. At a booth sale, a troop sells about 400 boxes of cookies,” Harris said. The Sugar Sales Rush. Future Entrepreneurs.

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When is it Time for a Small Business CFO?

Michigan CFO

They will handle budget planning and forecasting, develop strategies for growth, and ensure accurate financial records are maintained. Or maybe you just rely on your bank account balance to do the math for you. A CFO can help with flagging sales by developing a comprehensive strategy for your business. Don’t make that mistake.

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