All Posts

Advanced Analytics
Mike Gilliland 0
When Executive Managment Hurts

As we discussed last week, the forecasting process is often contaminated by individuals whose input makes the forecast worse. Sometimes this is intentional. For example, if I'm tired of hearing customers complain about out-of-stocks on retail shelves, I'll try to drive up the forecast so that more inventory will be

Advanced Analytics
Mike Gilliland 0
Forecasting or Golf?

A recurring theme of The Business Forecasting Deal (both this blog and the book) is that forecasting is a huge waste of management time. This doesn't mean that forecasting is pointless, irrelevant, or entirely useless in running our organizations. It only means that the amount of time, money, and human

Advanced Analytics
Rick Wicklin 0
A parametric view of love

If you tell my wife that she's married to a statistical geek, she'll nod knowingly. She is used to hearing sweet words of affection such as You are more beautiful than Euler's identity. or My love for you is like the exponential function: increasing, unbounded, and transcendental. But those are

1 682 683 684 685 686 704