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forecasting a demand

Posted: Tue Jun 26, 2007 7:24 pm
by Mikka
hi!

I want to forecast a demand in vensim. My demand function is a mix out of 4 different funtions (see attachment). What is the best way to do it?

Posted: Wed Jun 27, 2007 10:24 am
by bob@vensim.com
The best forecast for a random variable is the mean value. The other inputs are all deterministic so you can just shift them in time to get the forecast. Alternatively just use the SMOOTH function - it will miss the trend but basically behaves quite well with all other inputs (unless pulses or cycles are deterministic).