Competitive Forecast Properties
You can use the Competitive Method Properties to configure a competitive method and decide which forecast methods compete. Select the method with the lowest error that Error Analysis defines. This method is the winning method.
Note: This feature can calculate many forecast methods but can
require more time to perform the calculation. The competitive method is not a substitution for
informed decision-making about how to forecast. You can use the competitive method feature to
assist and guide the selection of a forecast method. You can also use the feature to
continually perform automatic selection between forecast methods. The winner changes based on
historical data when Error Analysis finds a forecast method with lower error.
You can access the dialog box from . Select Competitive Forecast Methods.
This table shows the property settings you can use:
| 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 select an existing category or specify a new one.
Note: Scope (availability) information is only available for
administrators. For administrators, select Public
scope.
|
| Statistical Forecast Methods | This property provides a list of defined forecast methods so that users can select the method for the Competitive Forecast calculation. |
| Error Analysis | This property provides common and specialized forecast error methods. See Error Analysis. |
Note: This functionality is only enabled for administrators.