Patent ID: 7080026

Claim:
A method for forecasting future demand, said method comprising the steps of: setting up a database and defining Demand Forecasting Units (DFUs), each of said DFUS pertaining particular product at a particular location; preparing a forecast for each of the DFUS; reviewing said prepared forecasts; and for one or more of said DFUS, publishing said reviewed forecasts associated with said DFUS; wherein said forecast preparing step further comprises: identifying active DFUS, and for each of said active DFUS: preparing a history stream; associating a demand forecasting algorithm said history stream; and using said history stream and said demand forecasting algorithm to generate an active DFU forecast; wherein said step of using said history stream and said demand forecasting algorithm to generating an active DFU forecast further comprises: selecting history data related to said history stream, and performing a least-squares regression on said history data; wherein said step selecting history data related to said history stream comprises identifying a maximum number of terms said history stream, and wherein the step of performing a least-squares regression comprises using only the maximum number of terms; wherein said step of using said history stream and said demand forecasting algorithm to generating an active DFU forecast further comprises testing of said terms for significant amplitude.