Reviewing Forecasts

Subtopics

Viewing Forecasts

Forecast data is displayed in the Planning Workbench in a tabular format. Each row contains forecast data that corresponds to a “forecast item.”

For example, in a model with Product, Region, Sales Count, and Time dimensions, you could generate forecast data for each Product-Region combination by considering Sales Count figures at specific time intervals. Each Product-Region combination would form a forecast item.

Forecast data includes information such as the forecast value, the applied algorithm, and the applied rule for each forecast item.

  To view a list of forecasts:

  1. In the Planning Workbench navigation panel, select Statistical Forecasts.

  2. Select Review Forecasts.

  3. (Optional): Select a column header to sort the list.

  4. Optional: From the View menu, select a different search filter, or select Custom Filters to add a custom filter.

Analyzing Forecasts

  To view additional forecast details, select a forecast.

Additional details include:

  • Forecast Graph—Plots historical and forecast data against time. The graph includes a lower and upper bound for each forecast value.

  • Forecast Details—Algorithm used for forecasting along with additional forecast characteristics such as standard deviation, standard forecast error, mean average, and upper or lower bounds.

  To modify the algorithm applied to the forecast:

  1. Display the Forecast Graph and click Select Algorithm.

  2. Select an algorithm and enter model parameters.

  3. Click OK and review the changes to the Forecast Graph.

  4. Keep this algorithm or select a different one.

  5. Click Accept Algorithm.

    The forecast item moves from the Review Forecasts page to the Manage Overrides page.