SCM Connections Five Minute Feature - Best Fit Forecasting for SAP IBP

This video will demonstrate a walk-through of Best Fit Forecasting in SAP IBP. Best fit forecasting is a method that tests different models against the data in your system, and ranks the various models based on the forecast errors of the output.

Once you have decided to run a best-fit forecast in IBP, the next step after choosing the different forecasting methods you want to test is choosing what measure they will be tested against. The way that SAP IBP chooses the proper forecast for your data is by measuring the error between your actual historical data and each forecast’s ex-post values.