What is automatic forecast model selection in SAP SRD-SCM-DP - SCM-Demand Planning?

SAP Term: automatic forecast model selection

• Component: SRD-SCM-DP

• Component Name: SCM-Demand Planning

• Description: An option where the system selects the forecast model to be used in statistical forecasting.

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• Key Concepts: 
  Automatic forecast model selection is a feature of SAP's Demand Planning component of the Supply Chain Management (SCM) suite. It is used to automatically select the most appropriate forecasting model for a given set of data. This helps to ensure that the most accurate forecast is generated for the given data. 
  
  How to use it: 
  To use automatic forecast model selection, the user must first define the criteria for selecting the most appropriate forecasting model. This includes specifying the type of data, the time period, and any other relevant parameters. Once these criteria have been defined, the system will automatically select the most appropriate forecasting model based on these criteria. 
  
  Tips & Tricks: 
  When using automatic forecast model selection, it is important to ensure that all relevant criteria are specified in order to get the most accurate forecast. Additionally, it is important to regularly review and update the criteria in order to ensure that they remain relevant and up-to-date. 
  
  Related Information: 
  For more information on automatic forecast model selection, please refer to SAP's official documentation on Demand Planning. Additionally, there are many online resources available which provide further information and tips on using this feature.