Table 1. Forecasting Terms
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Forecast period |
The period of a forecast series from start date to end date, for example, quarterly. |
Interval period |
The period between creation of new forecasts; their frequency, for example, weekly. |
Product quantity forecasting |
Forecasting in which forecasts are aggregated according to specified fields, where each field is assigned a particular hierarchical level. Also known as multidimensional revenue forecasting. |
Roll up |
To sum details and synchronize totals with summaries. |
Summary period |
A length of time into which revenues are aggregated for each forecast in a series. The default summary period is the month. |
Summary revenue |
The sum of revenues in a forecast period. Each summary period has one summary revenue amount. |
Total forecast revenue |
The sum of each summary record. Each summary period is a summary record period. |
