Std Forecasting
StandardLegForecast
Bases: RmAction
Standard leg-level demand forecasting tool.
algorithm
instance-attribute
Forecasting algorithm.
There are several available forecasting algorithms:
additive_pickup
is an additive pickup model, which generates a forecast by considering the
"pickup", or the number of new sales in a booking class, in each time
period (DCP). This model is additive in that the forecast of demand yet
to come at given time is computed as the sum of forecast pickups in all
future time periods. This forecasting model does not consider the level
of demand already accumulated, only the demand expected in the future. The
forecast is made considering the results from the prior 26 sample days.
The additive pickup model ignores the value of the alpha parameter, and it
can safely be omitted when using this algorithm.
exp_smoothing
is an exponential smoothing model. This model uses the alpha parameter
to control the amount of smoothing applied. It does not (currently)
incorporate trend effects or seasonality.
multiplicative_pickup
is a multiplicative pickup model. This model is in development.
alpha
instance-attribute
Exponential smoothing factor.
This setting is ignored if the forecast algorithm is not "exp_smoothing".
StandardPathForecast
Bases: RmAction
Standard path-level demand forecasting tool.
algorithm
instance-attribute
Forecasting algorithm.
There are several available forecasting algorithms:
additive_pickup
is an additive pickup model, which generates a forecast by considering the
"pickup", or the number of new sales in a booking class, in each time
period (DCP). This model is additive in that the forecast of demand yet
to come at given time is computed as the sum of forecast pickups in all
future time periods. This forecasting model does not consider the level
of demand already accumulated, only the demand expected in the future. The
forecast is made considering the results from the prior 26 sample days.
The additive pickup model ignores the value of the alpha parameter, and it
can safely be omitted when using this algorithm.
exp_smoothing
is an exponential smoothing model. This model uses the alpha parameter
to control the amount of smoothing applied. It does not (currently)
incorporate trend effects or seasonality.
multiplicative_pickup
is a multiplicative pickup model. This model is in development.
alpha
instance-attribute
Exponential smoothing factor.
This setting is ignored if the forecast algorithm is not "exp_smoothing".