basics about the forecast key figure

[Former Member]

Hello

There are lot of Key figures in use -

Statistical Forecast

Ex-Post forecast

Corrected forecast

Adjusted Sales history

Any idea what each stand for ?

Thank you in advance

KK

[Former Member · Accepted solution]

Hi

Statistical Forecast : This is system generated FCST based on FCST Technique used

Ex-Post forecast: Ex-Post Forecast is just calculating the forecast in the history horizon .This is calculated through the forecasting technique adopted by you .

Corrected forecast : After system has created Stat FCST, we can manipulate as per our requirement and this is called as correct FCST.

Adjusted Sales history :- It regarding the clearing the sales history, In case of some business extreme condition we have some peaks and down in sales history. We require to correct them , to get appropriate Statistical Forecast. This corrected sales history which is also called as adjusted sales history get used for Forecasting.

Thanks

Amol