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

1 693 694 695 696 697 715