Glossary > —B— > Bias Value
Bias Value
The Bias multiplied by the Part Cost, representing the financial impact of forecast error.
SKU Stream Level
Calculated for a SKU Stream by the Forecasting AutoPilot process and displayed on the Forecast Review page and the Stream view of the Forecast Worksheet.
(Bias * Part Cost)
SKU Level
Calculated when the Forecasting – Calculate Metrics AutoPilot process is run and displayed on the All Streams view of the Forecast Worksheet.
Bias at the SKU level is the sum of the Bias of all SKU-Streams as follows:
• The SKU Stream is an external stream.
• The Used In Total Forecast is set to Yes on the details of the Stream Configuration page.
Part Level
Calculated when the Forecasting-Calculate Metric AutoPilot process is run.
Bias at the Part level is the sum of Bias at the SKU Level of all the SKUs associated with a Part.
Location Level
Calculated when the Forecasting-Calculate Metric AutoPilot process is run.
Bias at the Location level is the sum of the absolute Bias at the SKU Level of all the SKUs associated with a location, to consider the combined magnitude of the over and under forecasted SKUs.
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