摘要:
A method has been devised to produce a Confidence Prediction metric which gives the business user some indication as to the future reliability of the current week's forecast. The forecasting method analyzes historical demand data and prior product demand forecasts to calculate forecast errors for the prior product demand forecasts, and determine a confidence level for current and future product demand forecasts, the confidence level providing an indication of whether a given product forecast is unreliable or not. Reliable product demand forecasts can be automatically passed to a purchase order system, while unreliable forecasts may need to be reviewed and adjusted manually. A method for assessing, before-hand, whether a given product's forecast is reliable has been devised.