Creating Consensus Forecast Configurations

The system considers forecast types while calculating the consensus forecast. This topic describes how to create different forecast configurations.

Complete the following steps to create a consensus forecast configuration:

  1. L og in to the ONE system.

  2. Click Menus/Favs > Demand Planning > Consensus Forecast > Create Consensus Forecast Config.
    The Create Consensus Forecast Config screen appears.

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  3. Fill out the following fields. Fields with an asterisk ( * ) are required.

    Field

    Description

    * Config Name

    Type a name for the new forecast configuration.

    * Enterprise Name

    Type the enterprise name or use the picker tool to select one.

    Active?

    Select the checkbox to mark the forecast as active.

    Destination Forecast

    Select a destination forecast from the dropdown menu.

    Bucketization

    Select a bucketization option from the dropdown menu.

  4. In the Consensus Config Steps grid, click the Add link to add a new configuration step.

  5. Fill out the following fields. Fields with an asterisk ( * ) are required.

    Field

    Description

    * Step Group Number

    Enter the step group number.

    * Step Number

    Type the step number. Configuration steps are executed in that order.

    * Type

    Select a forecast type from the dropdown menu. The available options are:

    • Accuracy: Calculate the accuracy of the source forecasts.

    • Average: Calculate the average of source forecasts.

    • Copy: Copy the source forecast.

    • Weighted Average: Calculate the source forecast average based on the values specified in the Weights field.

    * Source Forecasts

    Type source forecast names (S1 to S22) as comma-separated values.

    Method

    Select a calculation method from the dropdown menu.

    Lag

    Type a Lag value.

    Forecast Horizon

    Type a forecast horizon.

    Weights

    Type the weightage for each source forecast for calculating the weighted average.

    Bucket Range Start

    Type the bucket range start date.

    Bucket Range End

    Type the bucket range end date.

  6. Click Create.
    A success message appears.