2014 retail predictions: make it a win-win year for you and your and consumers

If the latest raft of retail trading updates are anything to go on, it’s pretty clear who the winners were this Christmas: the consumers. A period of heavy discounting – aimed at bolstering weak sales and protecting elusive customer loyalty – was good news for cash-conscious customers, but left many […]

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Forecasting insights from nPower

In case you weren’t aware of the importance of forecasting for a utility company, it’s really BIG. Not only are you predicting the amount of power required to keep the lights on for fickle residential customers and for complex industrial businesses, you employ hedging strategies to protect against any unforeseen […]

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How to forecast profits with visual "what if" analysis

In this demo, Randy Guard, SAS VP of Sales Development and Product Management, quickly graphs profits per month and then automatically creates a forecast for the future. The application selects the best forecasting algorithm, accounts for seasonality and shows confidence bands for the forecast. Watch the video below to see […]

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Happy customers, happy staff, happy shareholders: It can be done

By rights, Steve McGivern, should be a worried man. As the National Forecasting, Roster & Planning Manager at British Gas Services, he has an impossible job: accurately predicting how many service engineers British Gas needs to service and repair millions of domestic boilers during any given week, even while the weather […]

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Forecasting with 15,000 variables and 7,000 models

How does a $55 billion company get a sense of its demand when it operates in virtually every market – from paint to electronics – on a global scale? That’s the question Timothy D. Rey answered during a presentation on how his company, Dow Chemical, used a data mining approach […]

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Use visual analytics to find and detect the best forecasting method

There are numerous algorithms used in forecasting, and each of those algorithms is optimized for a certain class of data.  How does a business analyst know which forecasting algorithm to use?  With the new version of SAS Visual Analytics, you don’t have to know – the product does all the […]

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Forecasting improves search revenues by 300 percent for midsize business

To read more ongoing tips and insights for small and midsize businesses, follow our SAS4SMB blog series or visit SAS for Small and MidSize Business. We all wish we could predict the future. After all, when a company knows its sales for next week, next month and next year, it […]

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5 ways to forecast for small and midsize businesses

Wouldn’t it be great if we could predict the future? As a kid, I liked to write sci-fi stories. I wrote stories about what the year 2000 would be like: flying cars, robots, and talking dogs. OK, I won’t admit what year I was actually writing these stories, but back […]

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Insights from econometrics heard at Predictive Analytics World

At Predictive Analytics World San Francisco this week I attended back to back sessions on econometrics, a word that doesn’t surface as often as I think it should. Bestselling books like Freakonomics: A Rogue Economist Explores the Hidden Side of Everything or Predictably Irrational: The Hidden Forces That Shape Our […]

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How the Chinese zodiac relates to business forecasting

Happy New Year! Wishing everyone a prosperous and joyful 2012! The joyful festive atmosphere continues to pervade most Chinese families in Asia in the coming week, as we will be celebrating Lunar New Year (Spring Festival) on Jan 23rd . This date is determined by the lunisolar Chinese calendar. Alongside […]

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