Figure 1From “What is sales forecasting?”
How often planners adjusted the system forecast
Planners at three manufacturers adjusted between 63% and 91% of system forecasts; at a retailer forecasting weekly, 10% to 14%.
Figure 1How often planners adjusted the system forecast
Source: Fildes, Goodwin, Lawrence and Nikolopoulos (2009), Table 1, p. 8: 68,984 complete triples of system forecast, final forecast and actual from three manufacturers forecasting monthly and one retailer forecasting weekly for two product groups, 2003 to 2005; 21% of forecasts adjusted overall. Demand forecasts at SKU level.

From the essay
Revenue operations & AI
What is sales forecasting?
Sales forecasting estimates what will sell, for a named unit and period, before the actual is known. It is not the target, and it needs a baseline.
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