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MRP glossary TOP > Demand Forecast > Irregular Component

Irregular Component

Irregular Component

It is a variable element in the time-series analysis of forecast, and shows the variation which cannot be described by trend, cycle movement, and seasonal variation. It generally refers to the variation which incidentally occurs in a number of factors difficult to be identified and their relationship with each other.


Related term: Time Series Analysis

Reference:JIT Business Research Mr. Hirano Hiroyuki

Independent Demand Items | Demand Forecast | MAD