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author's profile photo Former Member
Former Member

Difference between like profile and like modelling

Hi

What is the difference between like profile and like modelling...

Regards

RK

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    author's profile photo Former Member
    Former Member
    Posted on Nov 11, 2009 at 07:12 AM

    Hi Rakesh,

    A like profile allows you to create the demand forecast of a product using

    the historical input data of a product or products whose demand behavior

    is the same or similar. Create like profiles for products with short lifecycles

    or for products with insufficient historical data. You can use the same like

    profile for multiple products

    Like modeling uses the historical data from one or more characteristic value

    combinations to create a forecast for another characteristic value combination.

    Like profile contains the characteristics with values assigned in reference to

    the similar characteristics.

    whereas like modelling is a forecasting modelling approach which uses the

    like profile during planning of forecast.

    Regards

    R. Senthil Mareeswaran.

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