When is a Flat-line Appropriate and What Does it Tell You About Your Demand?

2014-01-08T10:25:26+00:00January 8th, 2014|Categories: Forecasting Education|Tags: |

A forecasting technique which generates a forecast based solely on an item’s past demand history is referred to as a time series method. Typically, time series methods will capture structure in the history—such as current sales levels, trends and seasonal patterns—and extrapolate them forward. When the data are not trended and are not seasonal, a time [...]