This article first appeared in the summer 2019 issue of the Journal of Business Forecasting. It didn't anticipate a global pandemic but did anticipate a slowdow... Read More...
Managing demand variability is one thing but a global pandemic? That’s a whole different story. If you thought forecasting sales and understanding consumer beha... Read More...
You’re not going to get advanced modeling like machine learning in Excel. Excel can’t handle large data sets either, making it clunky and problematic. And when ... Read More...
Unidentified and untreated outliers can generate false expectations for business, causing future disruptions, excess stock and loss of market opportunities. App... Read More...
Thanks to Big Data, computational leaps, and the increased availability of analytics tools, a new age of data analysis has emerged, and in the process has revol... Read More...
The special issue of the Journal of Business Forecasting, Technology in Forecasting & Planning, is now available for download. Download it here.
This spe... Read More...
As forecasters, we rely on data to look at the past and use models to provide insight into the future – this is not one of those times. The following, rather, i... Read More...
We can no longer ignore data. Now that we have begun to define it and find new ways of collecting it, we see it everywhere and in everything humans do. Our curr... Read More...
This article describes the various steps that General Motors (GM) has taken to improve forecasts for better decision making. These include reducing waste, using... Read More...
What if we not only knew what the forecast will be for an item for the next period, but also understood a range of potential outcomes for that item?
What if ... Read More...
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