Crisis Management

Crisis Management vs Supply & Demand

72 Comments / Crisis Management / Christopher Thompson

With the current hurricane season already producing unprecedented occurrences of weather systems across the globe in tandem with the current pandemic, it is imperative for nations to continue vigilance as we approach the end of the season. The management and handling of natural or man-made disasters is essential to the survival of mankind, and it […]

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METHODOLOGIES for ERROR MEASUREMENT

126 Comments / Error Measurement / Christopher Thompson

Researched and Presented by: Christopher Thompson Which forecast error measuring tool is the best? Of the four error tracking tools we have learned about today (MAD, MSE, MAPE and seasonality), which method provides the best way to track forecast error? Give examples. Mean Absolute Percent Error (MAPE) A problem with both the MAD and MSE

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Crisis Management