Time Series Forecasting for Sales and Demand Planning (statsmodels, Prophet)

Time series forecasting is a crucial analytical technique for businesses, especially those relying on systems like SAP for managing operations, sales, and supply chains. Predicting future values based on historical data patterns is fundamental to effective planning, inventory management, resource allocation, and setting realistic sales targets.

Within the SAP landscape, vast amounts of historical data across modules like Sales and Distribution (SD), Materials Management (MM), and Production Planning (PP) are inherently time-dependent. Analyzing sales history, production volumes, or inventory levels over time reveals trends, seasonal fluctuations, and cyclical patterns that are vital for informed decision-making.