What is 'seasonal model' in SAP SCM-APO-FCS - Demand Planning?

seasonal model - Overview

• Component: SCM-APO-FCS

• Component Name: Demand Planning

• Description: Model used in forecasting for time series that have seasonal variations.

seasonal model - Details

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  Key Concepts: 
  Seasonal models are used in SAP's SCM-APO-FCS Demand Planning component to forecast demand for products or services that have a seasonal pattern. Seasonal models use historical data to identify and predict the seasonal patterns of demand, allowing for more accurate forecasting. 
  
  How to use it: 
  To use a seasonal model in SAP's SCM-APO-FCS Demand Planning component, you must first identify the seasonal pattern of the product or service you are forecasting. This can be done by analyzing historical data and identifying any patterns that may exist. Once the pattern is identified, you can then create a seasonal model that takes into account the identified pattern and uses it to forecast future demand. 
  
  Tips & Tricks: 
  When creating a seasonal model, it is important to ensure that the data used is accurate and up-to-date. Additionally, it is important to consider any external factors that may affect the demand for the product or service being forecasted, such as changes in the economy or consumer preferences. 
  
  Related Information: 
  For more information on using seasonal models in SAP's SCM-APO-FCS Demand Planning component, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide tips and tricks for creating and using seasonal models in SAP.