The Institute of Business Forecasting has named Larry Lapide, Research Affiliate at MIT, as recipient of its "Lifetime Achievement in Business Forecasting & Planning" award -- a much deserved honor! Larry has written a quarterly column for Journal of Business Forecasting for 15 years, and I've been a longtime follower.
In contributing over 60 columns to JBF, Larry has covered a lot of territory. Yet, no matter what the topic, I've always found some useful takeaway from his writings. Three favorites that come to mind are:
- Forecasting is About Understanding Variations (Winter 1998) -- advocates a simple method called Percent of Variation Explained (PVE) for evaluating forecasting performance.
- Forecasting Heroes Catch Turning Points (Fall 2001) -- suggests ways to detect turning points in your company's business.
- Where Should the Forecasting Function Reside? (Winter 2002) -- surveys the pro and con arguments for locating forecasting in various departments (standalone, marketing, sales, production/operations/logistics, finance, strategic planning).
Note that IBF members receive free online access to all 30+ years of their journal, including all of Larry's columns.
Thank you Larry for all your valuable contributions, and congratulations on this honor!