Focus Forecast Logic Using Forecast Rule
(Doc ID 2412120.1)
Last updated on DECEMBER 04, 2019
Applies to:Oracle Inventory Management - Version 12.2 and later
Information in this document applies to any platform.
In focus forecasting, Oracle uses 5 basic models to determine future demand requirements. It uses each model to calculate the "forecast" for a previous bucket where the actual demand is already known. Then the results of each of the five models is compared with the actual demand from the prior bucket to see which method produced the most accurate "forecast" for that period.The method with the most accurate forecast is chosen to generate the next bucket’s forecast.
If I define the bucket type as day or week, how the system determines the "previous" bucket in previous year. It is obvious to comprehend the "previous" bucket in previous year if the bucket is "Period". For example, previous bucket in previous year for period 2018-Mar is 2017-Mar. If the bucket is day, can I consider system determines the previous bucket as the same date in the previous year. For example, the 2017-Mar-17 is the previous bucket of 2018-Mar-17. If system behaves like this, how to determine the previous bucket for 2016-Apr-30, cause there is no Apr-30 in the year of 2015.
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