“It is said that the present is pregnant with the future” – Voltaire Forecasting, therefore, is an attempt to deduce the future from the present. It is both, art and science. We will explore the practice of forecasting demand in the short to medium term. Within the constraints of economic and technology trends, demand forecasting drives the planning process in most businesses.
In this week's What-if Wednesday post, Arkieva Supply Chain Optimization Consultant - Abhishek Shah - shares the results of a what-if demand forecast simulation using the Winters multiplicative alpha parameter.
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