March 14, 2012
What This Article Covers What are some forecasting strategy decision points? Why don’t companies know more about what parts of the forecasting process add value? Why is testing a major component to forecast process evaluation? Decisions Decisions There are several decisions to make when it comes to forecasting. These decision points include the following: Which [...]
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March 12, 2012
What This Article Covers What is historical removal? Why would it be beneficial? How common is it? Definition Historical Removal – Removes demand history, typically beginning from the earliest and then working up the sequence of demand history periods, in order to improve forecast accuracy. Historical removal works in environments where the older demand history [...]
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