How much bias is in your forecast? — Logística ExpertLogística Expert
Logística Expert · Forecasting
How much bias is in your forecast?
Enter three demand scenarios and discover how much bias is silently distorting your forecast.
Most forecasts are wrong not because of math — but because of human bias. The Weighted method gives the Most Likely 4× more influence, pulling the result toward reality.
Enter your three estimates below to see the difference.
Calculate your scenario
Weighted Forecast Calculator
Optimistic + (4 × Most Likely) + Pessimistic
6
Best-case scenario
Weighted 4× — highest influence
Worst-case scenario
📌 Example pre-filled — edit values and recalculate
⚠️ Optimistic is lower than Pessimistic — check your scenario order.
Simple Average
—
(O + ML + P) ÷ 3
Weighted Average ⭐
—
(O + 4×ML + P) ÷ 6
↔
Weight Distribution
Optimistic
—
Most Likely
—
Pessimistic
—
Most Likely carries 4/6 ≈ 67% of total weight
The Four Forecasting Methods
📊
Quantitative
Based on historical data. Uses math to identify patterns and project the future.
Data-driven
🔗
Associative
Uses leading indicators — external data that predicts demand before it occurs.
Causal
🧠
Qualitative
Based on judgment and experience. Right tool when historical data is absent or volatile.
Judgment
🔀
Combination Methods
Qualitative judgment adjusts quantitative results — or a similar product serves as proxy. Most real-world forecasts, including the Weighted Average above, are combination methods.
Hybrid
⚠️Key distinction: Qualitative methods depend more on human judgment and have lower statistical reproducibility — but they are the right tool when historical data is absent, volatility is high, or when launching a new product.