on 12-30-2011 9:36 AM
Hello Experts,
Can anyone tell me when to stop the forecasting process in demand planing SCM 7.01 . I mean which is the lowest error range while running the univariate forecating.
Thanks in advance.
Anurag
Hi,
For a particular forecast strategy and the model parameters, system gives the forecast outputs and it calculates the error measures. You can only modify the forecast model parameters, run forecast interactively and see the effect of change of model parameters on forecast.
Automatic Model selection procedure 2 chooses the combinations for the alpha, beta, and gamma smoothing factors, so that these parameters lead to the lowest error of measure that defined in the forecast profile u2013 default is MAD.
In other models, the system uses user input smoothing factors, else 0.3 wherever applicable.
Regards,
Samir Baruah
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