Demand Forecasting Knowledgebase

Welcome to the Data Perceptions demand forecasting knowledgebase, a collection of articles on all elements of demand forecasting. The principles described are based on 'best practice' and apply to whichever software you currently use. However, where applicable, each article also illustrates how Prophecy Demand Planning software addresses the issues covered.

The intention is to inform. The articles start from the basis of product neutrality, and other solutions are available (though obviously we believe Prophecy is best).

Demand Forecasting knowledge

5 methods for measuring demand forecast accuracy

Forecast bias in accuracy measurement

Demand forecasting vs. Sales forecasting

Forecastability - using the best forecast methods for different items

Applying the Pareto rule to make better forecasts

6 key components of an integrated demand forecasting solution

Statistical forecasting - for and against

Statistical forecasting models

Automated forecast adjustments

Making the forecast conform to your business rules

Forecasting guidelines for coping with the pandemic

Approaches to Demand Forecasting

"Why do we need specialised software for our demand forecasting process?

Judgemental forecasting

Forecasting week 53?