SAP ABAP Data Element THKOF (Theil coefficient)
Hierarchy
SAP_BASIS (Software Component) SAP Basis Component
   BC-SRV-BSF (Application Component) Business Service Functions
     SPRG (Package) Forecast Basis Separation
Basic Data
Data Element THKOF
Short Description Theil coefficient  
Data Type
Category of Dictionary Type D   Domain
Type of Object Referenced     No Information
Domain / Name of Reference Type DEC3_2    
Data Type DEC   Counter or amount field with comma and sign 
Length 5    
Decimal Places 2    
Output Length 6    
Value Table      
Further Characteristics
Search Help: Name    
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Parameter ID   
Default Component name    
Change document    
No Input History    
Basic direction is set to LTR    
No BIDI Filtering    
Field Label
  Length  Field Label  
Short 10 Theil 
Medium 15 Theil coeffic. 
Long 20 Theil coefficient 
Heading Theil 
Documentation

Definition

Measure of the quality of the forecast model as compared with the "primitive forecast".

Procedure

The "primitive forecast" takes the last historical value as its basis for the forecast value.

  • The Theil coefficient is 1 if the forecast model has the same quality as the "primitive forecast".
  • If the coefficient is smaller than 1, the forecast model is better than the "primitive forecast".
  • If the coefficient is greater than 1, the forecast model is worse than the "primitive forecast". This should be avoided.

History
Last changed by/on SAP  19950302 
SAP Release Created in