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

SAP Term: forecast profile

• Component: PP-MP

• Component Name: Production Planning

• Description: A collection of data needed when you enter forecast data in the material master record. The following are included in a forecast profile: Which fields are filled with values when entering forecast data Values of these fields Which values can be overwritten default values or not fixed values

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• Key Concepts: 
  A forecast profile is a tool used in SAP Production Planning - Master Planning (PP-MP) to define the parameters for a forecast. It includes the forecast model, the time horizon, the forecast accuracy, and other settings. The forecast profile is used to generate a forecast for a particular material or product. 
  
  How to use it: 
  To create a forecast profile, go to the PP-MP module in SAP and select “Forecast Profile” from the menu. Enter the necessary information such as the forecast model, time horizon, and accuracy. Once you have saved the profile, you can use it to generate a forecast for a particular material or product. 
  
  Tips & Tricks: 
  When creating a forecast profile, it is important to consider the accuracy of the forecast. A higher accuracy will result in more accurate forecasts but may take longer to generate. It is also important to consider the time horizon of the forecast. A longer time horizon will provide more accurate forecasts but may take longer to generate. 
  
  Related Information: 
  For more information on creating and using forecast profiles in SAP PP-MP, please refer to SAP’s official documentation on the topic. Additionally, there are many online tutorials available that provide step-by-step instructions on how to create and use forecast profiles in SAP PP-MP.