Efficient and Effective Usage of Out-of-the-Box Statistical Forecasting

Ganesh Sankaran (), Federico Sasso (), Robert Kepczynski () and Alessandro Chiaraviglio ()
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Federico Sasso: Deloitte Consulting AG
Alessandro Chiaraviglio: Polytechnic University of Turin

Chapter Chapter 3 in Improving Forecasts with Integrated Business Planning, 2019, pp 69-182 from Springer

Abstract: Abstract In this chapter, we continue with the next steps in the forecasting framework first introduced in Chap. 1 . We start with selection of model classes and move on to gathering, analyzing and preparing data. We then describe in detail the forecasting models, leveraging the out-of-the-box standard algorithms available in SAP IBP. We conclude this chapter by discussing “model fit” and how to validate models, understanding prediction intervals and refining the chosen model.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-030-05381-9_3

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DOI: 10.1007/978-3-030-05381-9_3

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