Beyond a Universal Forecasting Selector: Demand-Conditioned Model Selection across Demand Patterns and Horizons
This study proposes a method for selecting demand-conditioning models, comparing the performance of five mechanisms: RMSSE, ERA, OWA, CCG-AHSC, and CCG-AHSCD, across 24 optimization models, 9 datasets, and cycles ranging from 1 to 12. The evaluation results show that there is no selector that outperforms all conditions: CCG-AHSC and CCG-AHSCD are more competitive in smoothing demand and various erratic configurations, while OWA and ERA perform better in intermittent and block-based settings. Additionally, the applicability of the selectors varies with the availability of historical data and the duration of predictions, supporting the use of context-dependent rather than universal methods for selecting prediction models.