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What is Production Control: Forecasting Techniques about?

This document presents the steps to establish forecasts for product families with stable demand. It explains that first, historical sales data is graphed and the trend is analyzed. Then, various quantitative methods such as simple and weighted moving averages are applied to generate evaluation forecasts, and the method with the lowest error is chosen. Finally, using this method, the risk forecast for future periods is determined.

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ScribdTranslations

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EN