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

In: Improving Forecasts with Integrated Business Planning

Author

Listed:
  • Ganesh Sankaran
  • Federico Sasso

    (Deloitte Consulting AG)

  • Robert Kepczynski
  • Alessandro Chiaraviglio

    (Polytechnic University of Turin)

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.

Suggested Citation

  • Ganesh Sankaran & Federico Sasso & Robert Kepczynski & Alessandro Chiaraviglio, 2019. "Efficient and Effective Usage of Out-of-the-Box Statistical Forecasting," Management for Professionals, in: Improving Forecasts with Integrated Business Planning, chapter 0, pages 69-182, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-030-05381-9_3
    DOI: 10.1007/978-3-030-05381-9_3
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