Overview
This demo showcases how GAINS evaluates and selects the best statistical forecast model for each item, running simulations across 35 models organized into 10 families using up to 36 months of historical demand data to identify the model with the lowest probable forecast error.
Video Walkthrough
Watch the step-by-step video guide below:
► Watch: Forecast Model Selection
What You Will Learn
- How GAINS runs forecast model simulations using historical demand data
- How models are organized into families and evaluated for accuracy
- How GAINS selects the model with the lowest probable forecast error
- How changes to item parameters such as lead time can affect model selection
Related Topics
- Forecast Detail
- Forecast Accuracy
- Demand Planning
- Forecast Model Plausibility