Kind of Forecasting Methods

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This forecasting technique aimed to generate accurate production planning in response to market demand and The first step in planning the operation of production systems is to determine the accurate forecasting of the demand for goods (products) that will be produced.

Definition Forecasting:

- Forecasting is an art and science to predict the future.

1. Quantitative Methods

a. Available information about the past
b. It can be assumed that some aspects of the past pattern will continue in the future.

Methods that best meets the purpose of forecasting and in accordance with the data plot.

1. Time Series Methods

a. Constant
b. Linier trend
c. Quadratic
d. Exponential
e. Moving Average
f. Exponential smoothing
g. Seasonal

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