Price changes and demand response
Forecasting is a structured estimate for a defined decision, horizon and level of detail. This guide introduces price changes and demand response and shows where it fits in a practical planning cycle.
Forecasting is a structured estimate for a defined decision, horizon and level of detail. This guide introduces price changes and demand response and shows where it fits in a practical planning cycle.
Practitioner lens
For price changes and demand response, inspect the history for stockouts, promotions, calendar changes and missing periods. Observed sales can differ from the demand customers actually wanted.
First experiment
Keep a time-based holdout. Do not shuffle observations when future periods must be predicted from the past.
This is an original educational brief. It is a starting point for discussion, not a claim that one technique fits every supply chain.