predictive analytics Archives

The Intersection Of Forecasting, Machine Learning & Business Intelligence

Eric Wilson, CPFJanuary 5, 2021

The following is an extract from Eric Wilson's new book, Predictive Analytics For Business Forecasting & Planning, written by Eric Wilson CPF. It is your guidebook to the predictive analytics revolution. Get your copy. Most of what is di... Read More...

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Predictive analytics in business forecasting

How Business Forecasting & Predictive Analytics Are Merging

Andrew Scuoler CPFDecember 7, 2020

Business forecasting and predictive analytics are merging to leverage Big Data as a growth driver. Predictive analytics does not have to be complicated and Demand Planners can learn these models and methods to drive business insight. Organizati... Read More...

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How Much Data Is Enough In Predictive Analytics?

Eric Wilson, CPFJune 22, 2020

If we can gain insights from just a small amount of internal structured data, then how much more could we glean from Big Data? I’m talking that external mass of structured and unstructured data that is just waiting to be collected and analyzed. Bu... Read More...

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The Differences Between Descriptive, Diagnostic, Predictive & Cognitive Analytics

Eric Wilson, CPFJanuary 20, 2020

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 revolutionized the planning field. With the explosion of data and the increasing desire to leve... Read More...

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Predictive Analytics & Probabilistic Planning

Eric Wilson, CPFNovember 18, 2019

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 we didn’t just have a number, but we also had a list of drivers that contributed to many p... Read More...

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IBF Talks To Dr. Eric Siegel

Andrew Scuoler CPFNovember 4, 2019

IBF spoke to Dr. Eric Siegel, author of the best-selling book Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die, and host of the Dr. Data Show on YouTube. He reveals why predictive analytics has become a critical best practi... Read More...

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Differences between forecasting and predictive analytics

Differences Between Demand Forecasting & Predictive Analytics

Eric Wilson, CPFSeptember 19, 2019

For many companies and demand planners, predictive analytics seems revolutionary. To others, it is just a more advanced version of normal demand planning. The concepts of behavior predictions can be traced back to the year of 1689 and many of the new... Read More...

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Forecaster’s & Planner’s Guide To Data

Eric Wilson, CPFAugust 26, 2019

In supply chain and operations, raw materials are substances that are used in the manufacturing of goods. They are the commodities to be transformed into another state that will either be used or sold. For algorithms or predictive models, data is th... Read More...

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The 6 Models Used In Forecasting Algorithms

Eric Wilson, CPFApril 22, 2019

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 most people talk about algorithms, they’re talking about a mathematical formula or someth... Read More...

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5 Ways To Win Executive Support For Predictive Analytics

Eric Wilson, CPFMarch 11, 2019

Even though you know why predictive analytics is important to your organization, others may not. Some people in your company don’t understand it yet. That’s OK. But you need to get your executives onboard and buy in to the idea. Here the 5 steps that... Read More...

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