Is your Outlier Correction outstanding?
Introduction Outlier correction is commonly perceived as a necessary but tiresome, recurring task for a demand planner. The advantages of performing the outlier correction as a pre-processing step in the Forecasting process are nevertheless evident: You would get more clarification on which portion of your demand history is due to special marketing activities (promotions, price changes, etc.) of your company or your competitors. You won’t need to define your forecasting […]
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