Forecasting demand using partially accumulated data

Abstract

This chapter uses advance order data from an actual manufacturing shop to develop and test a forecast model for total demand. The proposed model made direct use of historical time series data for total demand and time series data for advance orders. Comparison of the proposed model to commonly used approaches showed that the proposed model exhibited greater forecast accuracy.

Citation

Utley, J.S. and Gaylord May, J. (2009), "Forecasting demand using partially accumulated data", Lawrence, K.D. and Klimberg, R.K. (Ed.) Advances in Business and Management Forecasting (Advances in Business and Management Forecasting, Vol. 6), Emerald Group Publishing Limited, Leeds, pp. 65-80. https://doi.org/10.1108/S1477-4070(2009)0000006005