The forecast is your Monthly target and expectation before we enter a new month. This should not be changed during the month.
Live forecasts a rolling forecast that is updated regularly throughout the month depending on your latest expectations due to changes in the market, new reservations, cancellations, etc.
Daily Live forecast is also updated for the coming two-three months (or according to your company policy) – when you get to the end of the month, the live forecast for the next months is submitted to forecast and will be the respective monthly targets.
It is not expected to submit a daily forecast for the 4th month and onwards, but an expected total amount. A credible live forecast is crucial for production planning as this forms the basis for expected daily activities and is reflected in the cockpits (the yellow line).
Read more about the Live Forecast here.