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 [...]

Post a Comment

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 [...]

Post a Comment

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 [...]

Post a Comment

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 [...]

Post a Comment

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 [...]

Post a Comment

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 [...]

Post a Comment

Kelley Blue Book firing on all cylinders with analytics

Hear directly from an organization that is firing on all cylinders with analytics and achieving true data-driven insight in all its business areas. On Dec. 14, SAS customer Kelley Blue Book (KBB) and SAS Alliance partner Modern Analytics will share firsthand learnings during a live webinar, “Analytics – An Inside Perspective,” [...]

Post a Comment

That Feeling of Déjà vu

How important is accurate telecom forecasting? Sitting through another presentation this week on the explosive growth of mobile data, and the eye-popping statistics about how many Facebook and Twitter users there are, I can’t help but be excited by the possibilities. But I also have this feeling of déjà vu [...]

Post a Comment

Business Analytics 101 – Budgeting, Planning and Forecasting

With the exception of the occasional James Bond movie that proves the rule, we don’t as a matter of course combine our modes of transportation into one all-purpose vehicle. But when it comes to financial management, there is one tool , commonly called the Budget, that gets applied to all [...]

Post a Comment

10 steps to a greener supply chain

Sustainability initiatives are gaining traction with manufacturers. Driven by anticipated regulations, consumer demand and brand image pressures, companies of all sizes are extolling their environmental and corporate social responsibility (CSR) programs. On the flip side, the consequences of not being socially responsible or not environmentally friendly can be harsh. Remember [...]

Post a Comment