Abstract: Embodiments include a system for forecasting demand data for new products. The system and method may include generating a phase-in group profile based on similar products. The phase-in group profile may have multiple demand profiles for low, medium and high demand variations. These demand profiles may be applied to new products in the same phase-in group to generate a forecast profile.

Abstract: Systems and methods consistent with the present invention are provided for selecting a set of models, each of the set of models providing a forecast representative of a demand for a product. In one embodiment, a method includes receiving data representative of a past demand for the product; determining, in a sequence, whether the received data corresponds to at least one of one or more known demand patterns; and selecting the set of models based on the determined demand pattern, such that at least one of the models provides the forecast representative of the demand.