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Retail Predictive Application Server (MOSC)

Difference between time seris and predictive forecasting method

Jul 31, 2018 10:55AM edited Aug 8, 2018 5:01AM in Retail Predictive Application Server (MOSC) 3 commentsAnswered

Hi,

I was going through RDF FC user guide for v14.1 .

In Forecast method section it had been mentioned predictive and statistical forecasting methods.

I have below question for the above. request you to please help me in understanding this.

What is the actual difference between predictive and statistical forecast techniques
I could see ES and AutoEs both are mentioned in predictive and statistical forecast techniques section - this confuses me. so in both type of methods these techniques are used?
why I should used statistical method from predictive tecniques
Again in predictive methods Bayesian analysis is mentioned which is again mentioned as a different forecast method in page 75

Tagged:

Demand Forecasting

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