Competitive Methods Properties
The Competitive Method Properties enables the user to configure a competitive method and decide which forecast methods will compete, and the process of selecting the winner as the method with the lowest error defined by the Error Analysis.
Note: This feature can calculate many forecast methods but can also take longer time to perform
the calculation. The competitive method is not a substitution for making informed decisions
about how to best forecast. The feature can assist and guide selection of a Forecast Method or
be used to continually perform automatic selection between some forecast methods. The winner
will change based on the historical data when the Error Analysis find a better forecast method
with lower error.
The dialog box is available through
. Select Competitive and click or .This table shows the available property settings in Competitive Method Properties:
Setting | Description |
---|---|
General | This property includes Name, Category filter, Description and Scope
(availability) information. The Category field serves as a filter option in the Competitive Methods list. You can either choose an existing category or enter a new one. Scope (availability) information is only available for administrators. Select public scope. |
Select Forecast Methods | This property provides a list of all defined forecast methods, which allows the user to check the method that will be used for the Competitive Forecast calculation. |
Error Analysis | This property provides several common and specialized forecast error methods. |
Note: This functionality is only enabled for administrators.