Quiñones-Rivera, Hector; Rubiano-Ovalle, Oscar; … - In: Journal of industrial engineering and management : JIEM 16 (2023) 2, pp. 363-381
Purpose: This work aims to evaluate demand forecasting models to determine if using exogenous factors and machine … manage demand better.Design/methodology/approach: We implemented a multivariate Auto-Regressive Moving Average with eXogenous … to a standard univariate statistical model to forecast the demand for electrical products in a Colombian manufacturing …