What is forecast parameter in SAP PP-MP - Production Planning?

SAP Term: forecast parameter

• Component: PP-MP

• Component Name: Production Planning

• Description: A term for forecast related data. Forecast parameters can be: Independent of the forecast model Dependent on the forecast model

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• Key Concepts: 
  Forecast parameters are used in the Production Planning (PP) module of SAP to define the forecast horizon and the forecast accuracy. The forecast horizon is the period of time for which the forecast is valid, and the forecast accuracy is the degree to which the forecast is expected to match actual demand. 
  
  How to use it: 
  Forecast parameters are used in PP-MP (Production Planning - Master Production Scheduling) to define the forecast horizon and accuracy. The user can set a start date and end date for the forecast horizon, as well as a percentage value for the forecast accuracy. This information is then used by the system to generate a forecast for future demand. 
  
  Tips & Tricks: 
  It is important to set realistic values for the forecast parameters, as this will ensure that the system generates an accurate forecast. It is also important to regularly review and update these parameters, as demand patterns can change over time. 
  
  Related Information: 
  For more information on how to use forecast parameters in SAP, please refer to the official SAP documentation.