Business Forecasting Principles: 09. Forecast evaluation principles

In this educational video in the series of "Business Forecasting Principles", Dr. Ivan Svetunkov discusses main principles behind the forecast evaluation *Content of the video* 00:00 - Introduction 00:59 - Forecast evaluation diamond 02:20 - Forecast evaluation: Why? 04:54 - Forecast evaluation: What? 08:14 - Forecast evaluation: Where? 10:12 - Forecast evaluation: How? 12:40 - Training/test set split 14:37 - Fixed origin 15:35 - Rolling origin (time series cross-validation) 17:33 - Conclusions Ivan Svetunkov on LinkedIn: https://www.linkedin.com/in/isvetunkov/ Videos are produce by Centre for Marketing Analytics and Forecasting of Lancaster University, UK. Follow us on LinkedIn: https://www.linkedin.com/in/lancastercmaf/ Our website: https://lancaster.ac.uk/cmaf Other CMAF resources: https://linktr.ee/lancastercmaf