Competitive Methods Properties
You can use the Competitive Method Properties to configure a competitive method and decide which forecast methods will compete. The winning method is determined by selecting 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. You can use this feature to 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 finds 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.