How to Calculate Demand Forecast
What is Demand Forecast?
Demand Forecast Calculator helps logistics and supply chain professionals optimize operations and reduce costs.
Formula
Forecast = α × Actual + (1-α) × Previous Forecast (exponential smoothing)
Step-by-Step Guide
- 1Set smoothing factor α, apply to historical demand data
- 2Apply the formula with your specific values
- 3Use the result to optimize operations or costs
Worked Examples
Input
α=0.3, actual 100 units, prior forecast 90
Result
Forecast = 0.3×100 + 0.7×90 = 93 units
Common Mistakes to Avoid
- ✕Using incorrect units or dimensions in the calculation
- ✕Ignoring surcharges and accessorial fees
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