Select and implement the right demand forecasting methodology for your business context.
Help me choose and implement the best demand forecasting approach. Our situation: Product categories: [Types of products] Historical data available: [Years of data, granularity] Seasonality patterns: [Describe any seasonal trends] Promotion frequency: [How often promotions run] New product introduction rate: [Frequency of new SKUs] Market volatility: [Stable, moderate, highly volatile] Current forecasting method: [If any] Forecast accuracy target: [MAPE or other metric] Planning horizon needed: [Weekly, monthly, quarterly] Please recommend: 1. Most suitable forecasting methodology 2. Data requirements and preparation steps 3. Model parameters and assumptions 4. Accuracy measurement approach 5. Process for forecast review and adjustment 6. Technology/tool recommendations
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