Trend projection Definition and Explanation PDF | Download eBooks
Learn Trend projection definition in supply chain management with explanation to study “What is Trend projection”. Study trend projection explanation with SCM terms to review supply chain management course for online MBA programs.
Trend projection Definition:
A time-series forecasting method that fits a trend line to a series of historical data points and then projects the line into the future for forecasts.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Trend projection Explanation:
This method is used for forecasting in businesses that are concerned with the movement of variables with the time and always requires a long time series of data. The assumption of trend projection is that the variables in the past also have some impact or play part in future in the exact same manner as in past.
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