What does it mean to audit a forecast against actuals?
Auditing a forecast against actuals means saving what a model predicted, with a timestamp, before the period it covers has played out, then comparing that saved prediction against what actually happened once the results are in. The comparison is only meaningful if the prediction was fixed in advance, which is what separates an audit from a story told afterward.
What keeps a forecast from being quietly rewritten later?
By writing the prediction down, with its confidence level, at the moment it is made, and keeping that record outside anyone's ability to edit once the outcome is known. Whether the record then gets checked, and how a divergence gets investigated, is a discipline the organization has to keep, not something a saved number does on its own.
What does it mean for a forecasting model to audit itself?
It means the model reports how confident it is in a given prediction, not only the prediction itself, and that confidence level is worth watching for whether it moves with how aggressive the underlying plan is. A model whose confidence conveniently rises whenever a bolder plan is proposed is a different, weaker kind of tool than one whose confidence tracks the actual uncertainty in the data.
Which direct-to-consumer brands need to audit forecasts against actuals?
Direct-to-consumer brands that have inherited a measurement stack from a prior vendor or consultant, and anyone about to run a procurement process where a track record, not a pitch, needs to settle the decision. It matters most where a past forecast was never saved, so there is currently nothing to check a new tool's promises against.
When does this not apply?
When no prediction was ever saved before the fact, so there is nothing fixed to audit against, when the reporting period in question has not yet closed, or when the disagreement is really about which model to use going forward rather than about how the last one performed. In those cases the record has nothing to compare yet.