What it means in plain language
Forecast accuracy is the trust score on your demand model. Best-in-class shops hit 95%+ at 7 days out. The trick is breaking down errors by segment, day-of-week, and lead time - a 95% blended number can hide a 60% accuracy on group conversions and a 99% accuracy on transient. Fix the leak, not the average.
How Forecast Accuracy fits in the bigger picture
Forecast Accuracy doesn't live alone - it sits inside the Metrics & KPIs category and connects to 3 closely related concepts most working revenue managers track in the same breath. Pair this definition with the related terms below to build a working mental model - definitions in isolation are easy to memorize and easy to misuse.
Related terms you should also know
Each of these is one click away - start with whichever you don't already use daily: