What is forecast model assignment in SAP SCM-IBP-DM - Demand?

SAP Term: forecast model assignment

• Component: SCM-IBP-DM

• Component Name: Demand

• Description: The association of a forecast model to a planning object. The model assigned is used to calculate demand forecasts for the planning object.

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• Key Concepts: 
  Forecast model assignment is a feature of SAP's Demand Planning component of the Supply Chain Management - Integrated Business Planning (SCM-IBP) suite. It allows users to assign a forecast model to a specific product or product group. This model is then used to generate a forecast for the product or product group. 
  
  How to use it: 
  To assign a forecast model to a product or product group, users must first create the model in the Demand Planning component. Once the model is created, users can assign it to the desired product or product group by selecting it from the list of available models. The assigned model will then be used to generate a forecast for the product or product group. 
  
  Tips & Tricks: 
  When assigning a forecast model, it is important to consider the type of data that will be used for forecasting. Different models may be better suited for different types of data, so it is important to select the model that best fits the data being used. Additionally, users should consider how often they will need to update their forecast models and select one that can be easily updated as needed. 
  
  Related Information: 
  For more information on forecast model assignment in SAP's Demand Planning component, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SCM_IBP_DM/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html