Get the inside track on the UK's General Election result

Bookies have long turned a trade in predicting the fate of our politicians in the general election. According to Ladbrokes, gamblers are set to spend a staggering £100m betting on this year’s result. The outcome of the May 7 vote is anticipated to be the hardest election to predict in [...]

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No toying around: forecasting at The Lego Group

Once upon a time: The toy industry has invited me to the world‘s largest toy fair, which took place recently in the city of Nuremberg. With close to 3,000 exhibitors the toy fair is bigger than ever before. Success is the theme of the event, and most German retailers cannot complain with consecutive [...]

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Yes, we have analytics: the brain game

Many vendors claim they have analytics, and a lot of users have embraced the belief that analytics is the way to go. But what does analytics really mean, especially to business users without statistics backgrounds, and how much do they need to know about analytics to be able to make [...]

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Forecasting: Crystal ball or competitive edge?

Perhaps forecasting is a little of both, crystal ball and competitive edge. It’s a crystal ball of sorts because it helps leaders get answers to questions like, “How many? Or, “How much?” to decide what actions best help the business. And it’s definitely a competitive edge when it results in [...]

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Predictive modeling competitions: the competitive dimension of predictive analytics

After sporting events or major elections like the recent U.S. mid-term Senate elections, I tend to look back at how various predictions performed prior to these events, to find out who got it right. My interest in this was spawned after reading Nate Silver’s book The Signal and the Noise, [...]

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Is big data really better?

Recently, I was reading an online article about predictive modeling and "big data."  Its premise was to determine whether the use of big data actually led to more accurate and meaningful predictive models and forecasts.  After citing numerous external examples and internal tests that the authors had compiled, it stated [...]

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Overcoming forecasting challenges in pharmaceutical benefits management

I recently took some time to appreciate and celebrate the SAS Professional Services division’s 25th anniversary. I find it impressive that SAS professional services has been collaborating with customers across many different industries for 25 years to solve business problems, increase profitability and improve customer service levels. With so much industry [...]

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Getting demand in shape

For supply chain managers and analysts Getting Demand in Shape can mean collecting the most pertinent data to support specific business processes and activities. Identifying new or previously unused data sources can be especially important. My most recent article titled “Getting Demand in Shape” in the May / June issue of APICS magazine [...]

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Forecasting success: Reliance Power meets customer and political expectations with SAS

In the game of energy forecasting, you’re never 100 percent right.  And for developing countries, forecasters face rapidly expanding economies and high political expectations. Such is the case in India.  With its relatively young population (median age of 26), India is expected to take over China as the world’s most [...]

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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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