Knowledge Base

Demand Planning Outlier Correction

The objective is to identify and correct outliers using K-factor tolerance bands and ex-post forecasts for better accuracy.

Topics Covered:

  1. Identifying Outliers
  2. What is a Tolerance Band?

  3. Determined by the K factor

  4. Ex-post forecast

  5. Impact of K- Factor Setting

  6. Outlier Identification using the ex-post forecast

  7. Forecast Tolerance

  8. Band Outlier

  9. Outlier Correction Summary