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How to predict demand for your new product?

“If you’re a manager trying to predict demand for a new product and I tell you it’s triangular in shape, you only need to estimate three numbers: how long you think the product will sell for, when the peak sales will occur, and how high the peak will be.”

How do you calculate forecast accuracy?

Forecast Accuracy = 1 - ( [Asolute Variance] / SUM([Forecast]) ) Put the first 3 columns and the first measure into a table. Put the second measure into a card visualization. Your Forecast Accuracy will work in your table as well for the forecast accuracy of each material.

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