What is history horizon in SAP SRD-SCM-DP - SCM-Demand Planning?

SAP Term: history horizon

• Component: SRD-SCM-DP

• Component Name: SCM-Demand Planning

• Description: The amount of time extending into the past upon which a demand forecast is calculated.

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• Key Concepts: 
  History Horizon is a feature in SAP Demand Planning (SRD-SCM-DP) that allows users to define the length of time for which historical data is used in the forecasting process. This feature allows users to set the amount of time for which past data is considered when forecasting future demand. 
  
  How to use it: 
  To use the History Horizon feature, users must first define the length of time for which historical data should be used. This can be done by navigating to the “History Horizon” tab in the Demand Planning application and setting the desired length of time. Once this is done, the system will use this data when forecasting future demand. 
  
  Tips & Tricks: 
  When setting the History Horizon, it is important to consider the amount of data available and how much of it is relevant to the current forecasting process. If too much data is included, it can lead to inaccurate forecasts. It is also important to consider how often the data needs to be updated in order to ensure that forecasts remain accurate. 
  
  Related Information: 
  The History Horizon feature is closely related to other features in SAP Demand Planning such as Seasonality and Trend Analysis. These features allow users to further refine their forecasts by taking into account seasonal patterns and trends in demand. Additionally, users can also use external data sources such as market research or customer surveys to further refine their forecasts.