Demand Plan validation

[pravin_kusumbe2]

Hi Experts,

I  have generated the Long term plan successfully for few materials.

Can you please guide me on the steps How to validate the result with actual data.

Regards,

PravinK.

[p391977 · Accepted solution]

Dear Pravin,

Under master forecasting profile, you have the provision to use various forecasting errors.

Please make use of that.

Best Regards,

Radheshyam P.

[pravin_kusumbe2 · Accepted solution]

Hi Thanks to reply.

I mean to Ask, How do we actually validate the figure of forecasting for every month, If it is correct or not.

[peter_casper · Accepted solution]

Hi Pravin,

you will get to know the best fitting model only via ex post analysis.

Forecast will always be wrong. It's just a matter of how close you can get to reality.

So use the various forecasting errors and also compare historical forecasts to the actuals of the respective bucket.

regards Peter

[pravin_kusumbe2 · Accepted solution]

Thank you Peter.

I got it now.

Regards,

Pravink