What is baseline forecast in SAP IS-R-DM - Demand Management?

SAP Term: baseline forecast

• Component: IS-R-DM

• Component Name: Demand Management

• Description: A prognosis representing anticipated sales from normal business that does not contain promotions or other effects.

Smart SAP Assistant

• Key Concepts: 
  Baseline forecast is a feature of SAP IS-R-DM Demand Management that allows users to create a forecast based on historical data. This forecast can then be used as a reference point for future forecasting. The baseline forecast is created by taking the average of the historical data over a certain period of time. 
  
  How to use it: 
  To use the baseline forecast feature, users must first select the period of time they want to use for the baseline forecast. This can be done by selecting the start and end dates for the period. Once this is done, users can then select the “Create Baseline Forecast” option from the menu. This will generate a baseline forecast based on the selected period of time. 
  
  Tips & Tricks: 
  When creating a baseline forecast, it is important to select a period of time that is representative of the data you are forecasting. For example, if you are forecasting sales data, it would be best to select a period of time that includes both peak and off-peak sales periods. This will ensure that your baseline forecast is as accurate as possible. 
  
  Related Information: 
  The baseline forecast feature in SAP IS-R-DM Demand Management can be used in conjunction with other forecasting features such as trend analysis and seasonality analysis. This allows users to create more accurate forecasts by taking into account multiple factors. Additionally, users can also use the baseline forecast feature to compare their forecasts against actual results to see how accurate their forecasts were.