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MRP glossary TOP > F > Forecast Method

Forecast Method

Forecast Method

The market is mainly researched to basically analyze demand forecast. The market is full of uncertain elements, where open business activities are carried out. Thus statistically theoretical analysis and economically theoretical analysis is indispensable for the market analysis. The external macro analysis associated with the economic index and the micro analysis focusing on the internal things in addition to the market and goods are also required. Most of companies perform their demand forecast for each product, which is based on time series analysis and simple correlation analysis. For further demand forecast, moving average method and exponential smoothing method are mainly used.

Reference:JIT Business Research Mr. Hirano Hiroyuki

FOQ | F | Forecast Model