Forecast Accuracy Report - Data Fields
- Thomas Sherman (Deactivated)
The following data fields are available in the Forecast Accuracy Report.
| Field | Field Category | Description |
|---|---|---|
| Absolute Basis Hours | Hours Fields | The larger of forecasted hours and worked hours. |
| Absolute Forecast Accuracy | Forecast Accuracy Fields | Absolute Variance Hours / Absolute Basis Hours. Is always between zero and one hundred percent. At one hundred percent you perfectly forecasted the schedule. At zero percent you were infinitely wrong. Although similar to the field "Worked % of Forecast," this measurement does not allow for overages and underages to offset one another. This is the more accurate of the two measurements when looking at your forecasting abilities. |
| Absolute Variance Hours | Hours Fields | Over Forecasted Hours + Under Forecasted Hours In total, how far off was your forecast was? Under and over forecasted hours are not offsetting, but additive. So I overforecast 50 hours on one project and underforecast 25 on another, I'm off by 75 absolute variance hours. |
| Forecasted Hours | Hours Fields | Number of hours forecasted |
| Over Forecasted Hours | Hours Fields | If you predicted more hours than you actually worked, you over forecasted |
| Under Forecasted Hours | Hours Fields | If you predicted fewer hours than you actually worked, you under forecasted |
| Variance Hours | Hours Fields | Forecasted Hours - Worked Hours When a positive number, you worked fewer hours than you thought you would. When a negative number, you worked more hours than you thought you would. |
| Worked % of Forecast | Forecast Accuracy Fields | Worked Hours / Forecasted Hours The percentage that you worked vs. what you thought you would work. If less than 100% then you worked less than you were expecting. If greater than 100% you worked more than you were expecting. Will always be greater than zero percent and has no upper limit. Although similar to the field "Absolute Forecast Accuracy," this measurement averages out overages and underages. |
| Worked Hours | Hours Fields | The number of hours worked. |