There is provided a print demand forecasting system and method for use with a print production system in which print demand data is collected for each print job processed during a selected time interval. The collected print demand data is stored in memory and then processed to obtain a first time series component and a second time series component. The first and second time series components are corresponded respectively with first and second forecast models. One of the first and second forecast models is selected with an S process, and the selected one of the first and second forecast models is used to obtain forecast data.