How Do You Pick The Right Aggregation Level For Forecasting?
It's very common in forecasting to aggregate data in order to increase the signal/noise ratio, and there are several papers out there regarding the significant ... Read More...
Should You Be A One Number Forecasting Company?
There is an age-old debate in demand planning: should you strive to be a “one number company” where all functions work to the same forecast. The idea is that a ... Read More...
5 Tips For Choosing The Right Forecasting Model
Selecting the right model plays a very important role in predictive analytics and forecasting. Use the wrong model, and you might as not have bothered at all. U... Read More...
What Is Upward & Downward Bias In Forecasting?
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... Read More...
The 6 Models Used In Forecasting Algorithms
An algorithm is a procedure or formula for solving a problem, based on conducting a sequence of finite operations or specified actions. Generally speaking, when... Read More...
Forecast Accuracy Benchmarking Is Dead (Long Live Forecastability)
How valuable is forecast accuracy benchmarking? It's always interesting to see how your competitors' are faring, but does knowing other companies' forecast accu... Read More...
Lessons Learned From Implementing An Omnichannel Sales Strategy
Omnichannel: The sales and business strategy of meeting the customer in their preferred place of purchase. Simple, straightforward, and an absolute challenge fo... Read More...
How To Identify Multiple Seasonal Factors For The Same Product
Most forecasting approaches are based on the idea that a forecast can be improved if the underlying factors in the data can be identified and forecasted separat... Read More...
Uncharted Territory: How To Forecast Demand For New Products
Forecasting demand for a new product is much more difficult than existing products because there is no historical data to be taken as a reference, and acceptanc... Read More...
4 Reasons Why Your Demand Forecasting Should Use Deep Learning
Even if you read data analytics news only occasionally, I’m pretty sure you’ve come across something called ‘deep learning,’ but how does it benefit demand fore... Read More...