METHOD AND SYSTEM FOR DETERMINING LONG RANGE DEMAND FORECASTS FOR PRODUCTS INCLUDING SEASONAL PATTERNS
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United States of America Patent
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Issued Date -
May 1, 2014
app pub date -
Oct 31, 2013
filing date -
Nov 1, 2012
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Abandoned
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Abstract
An improved method and system for forecasting product demand using a causal methodology, based on multiple regression techniques. The improved causal method identifies year-over-year trending effects within historical product demand data, removes the trending effects from the calculation of seasonal factors used in determining product demand forecasts, calculates trend factors from the identified trending effects, and applies the trend factors and de-trended seasonal factors to initial product demand forecasts when determining final demand forecasts for the products.
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