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Module 1: Forecasting in Decision Support Systems

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Forecasting in Decision Support Systems - Learning Outcomes

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Having completed this module you will be able to:
State what is forecasting.
List some commonly used forecasting techniques.
Indicate how forecasting helps the decision-makers.
Discuss what is push process in a supply network.
Identify the major factors that influence the demand forecast.
Recall the objective of forecasting.
Explain performance and error measures for the forecast.
Discuss the role of tracking signals.
Summarize Croston's Model.
List the components of Croston's Model.