Forecast Models 

Use

When a series of consumption values is analyzed, it normally reveals a pattern or patterns. These patterns can then be matched up with one of the forecast models listed below:

  • Constantconsumption values vary very little from a stable mean value
  • Trendconsumption values fall or rise constantly over a long period of time with only occasional deviations
  • Seasonalperiodically recurring peak or low values differ significantly from a stable mean value
  • Seasonal trendcontinual increase or decrease in the mean value
  • Copy of actual data (no forecast is executed)copies the historical data updated from the operative application, which you can then edit
  • Irregularno pattern can be detected in a series of historical consumption values

 

 

Mathematically speaking, the seasonal trend is the most complex of these models. The forecast value consists of a basic value term G from the constant model, a trend term T from the trend model and a seasonal term S from the seasonal model. For more details see Trend and Seasonal Models with First-Order Exponential Smoothing.