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Question 6 - Certified Manufacturing Cloud Accredited Professional discussion

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Which two key performance indicators can be calculated on the Forecast Analysis dashboard in Tableau CRM for Manufacturing?

A.
Average Price
Answers
A.
Average Price
B.
Days Remaining
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B.
Days Remaining
C.
Mean absolute percentage error in the forecast
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C.
Mean absolute percentage error in the forecast
D.
Actual vs Forecasted Revenue
Answers
D.
Actual vs Forecasted Revenue
E.
Actual vs Planned Revenue
Answers
E.
Actual vs Planned Revenue
Suggested answer: C, D

Explanation:

The Forecast Analysis dashboard in Tableau CRM for Manufacturing allows users to monitor the accuracy of their forecast based on the forecasted, adjusted, and actual revenue and quantity. With this dashboard, users can analyze how forecasts vary across time and plan measures to improve forecast accuracy. Two of the key performance indicators that can be calculated on this dashboard are:

Mean absolute percentage error (MAPE): This is a measure of how close the forecasted values are to the actual values. It is calculated as the average of the absolute percentage errors for each period. A lower MAPE indicates a more accurate forecast.

Actual vs Forecasted Revenue: This is a comparison of the actual revenue and the forecasted revenue for each period. It shows how much the revenue deviated from the forecast and whether the forecast was overestimated or underestimated.

asked 23/09/2024
Weisi Huang
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