Forecast Model - Concept & Utility in SAP APO
Can anyone please tell me - What is the concept and utility of Forecast Model in SAP APO?
Thanks & Regards,
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How ever the concept of Forecast model is to base your judgement of forecast for a product or group of products on determining factors like history of sales, promotions, past & present, trend, season & other such attributable causal factors. You create a set of such fators assign weightage to it & based on these work out most probable demand in the future.
Sanjeev G Joshi