Creating Accurate Forecasts When Your Demand History Includes Outliers

2014-05-28T09:11:12+00:00May 28th, 2014|Categories: Forecasting Education|Tags: , , , |

Preparing forecasts using data that contain one or more unusually large or small demand periods can be challenging. Depending on your forecasting approach, these “outliers” can have a significant impact on your forecasts. This article surveys three different approaches to forecasting data containing unusual demand periods, discusses the pros and cons of each and recommends [...]