Dolby
Honorary Master
- Joined
- Jan 31, 2005
- Messages
- 32,628
I get a report to reorder certain stock for the next month.
It reports actual sales for the last 6 months, simply as : 4 , 6 , 3 , 50 , 6 , 3 and gives me an average to order for the month - in this case 12. But I manually check, notice the spike (once off project deal) manually exclude this figure and order 5.
Now I have 100 of these products with potential spikes - do you think there is a formula to indicate a spike? Doesn't need to be dead on accurate, but would be great if it could highlight items with a potential spike.
Maybe something calculate median and mode, and somehow use those?
If the difference between the mean and the mode, could indicate a spike?
Looking for suggestions, please
EDIT : Or a standard deviation ?
It reports actual sales for the last 6 months, simply as : 4 , 6 , 3 , 50 , 6 , 3 and gives me an average to order for the month - in this case 12. But I manually check, notice the spike (once off project deal) manually exclude this figure and order 5.
Now I have 100 of these products with potential spikes - do you think there is a formula to indicate a spike? Doesn't need to be dead on accurate, but would be great if it could highlight items with a potential spike.
Maybe something calculate median and mode, and somehow use those?
If the difference between the mean and the mode, could indicate a spike?
Looking for suggestions, please
EDIT : Or a standard deviation ?
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