forecasting bias

What Is Upward & Downward Bias In Forecasting?

Dr. Chaman L. JainMay 1, 2019

Question Dear sir, I'm working in a procurement department. I have an interest in learning demand planning, an area in which I have some doubts. 1 - What is consistent upward and downward bias. Where do we use these? 2 - What is constrained a... Read More...

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Own Worst Enemy? The 8 Biases To Avoid In Forecasting

Eric Wilson, ACPFApril 12, 2018

Ignorance occurs when the outcomes are not known (or predicted); uncertainty occurs when the outcomes are known (or predicted) but the probabilities are not; and risk occurs when the probabilities of outcomes are thought to be known. I realize I ... Read More...

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