Larry Lapide receives Lifetime Achievement award from IBF

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Larry receiving award from IBF Managing Director Anish Jain

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 overĀ 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'sĀ columns.

Thank you Larry for all your valuable contributions, and congratulations on this honor!

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About Author

Mike Gilliland

Product Marketing Manager

Michael Gilliland is author of The Business Forecasting Deal (the book), and editor of Business Forecasting: Practical Problems and Solutions. He is a longtime business forecasting practitioner, Product Marketing Manager for SAS Forecasting software, and on the Board of Directors for the International Institute of Forecasters. He initiated The Business Forecasting Deal (the blog) to help expose the seamy underbelly of the forecasting practice, and to provide practical solutions to its most vexing problems.

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