Unlike simple average-based approaches, time series demand forecasting uses the chronological structure of historical demand data to generate statistically grounded predictions of future volumes.
Source: https://en.wikipedia.org/wiki/Time_series_forecasting
Tools that match this term
You might also be interested in these terms
Weekly: Top news, industry facts and insights from the world of logistics – free.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.