Focus forecasting

Focus forecasting

A forecast technique that tests the performance of a variety of forecast models and suggests the best fit for a given set of products and demand parameters.

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Industry/Domain: Software
Category: Supply chain
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Related terms

focus forecasting

Software; Supply chain

A forecast technique that tests the performance of a variety of forecast models and suggests the best fit for a given set of products and demand parameters.

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Professional careers; Sales

Predicting future variables, such as the level of sales in a given period, the environmental factors that will influence the firm's performance, etc.

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Making projections about future performance on the basis of historical and current conditions data.

Cp

Software; Supply chain

A process capability index measuring the ratio between actual spread (upper control limit minus lower control limit) divided by allowable or expected spread as measured by ...

Theory of Inventive Problem Solving (TRIZ)

Software; Supply chain

The Russian acronym for Theory of Inventive Problem Solving, a technique that attempts to define a specific problem as a system and identify elements in the system that need ...

Wagner-Whitin algorithm

Software; Supply chain

A dynamic programming lot sizing model that evaluates multiple alternatives that consider period demand and production, holding, and setup costs to produce an optimal lot size ...

Winters 3 parameter

Software; Supply chain

A forecast method that incorporates exponential smoothing, seasonality and trend analysis.

European Article Number (EAN)

Software; Supply chain

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Fourier series

Software; Supply chain

A method that defines a periodic or discontinuous function as a series of sine and cosine waves, and can be used to predict a value or the level of system response.