Michael Gilliland is a longtime business forecasting practitioner and formerly a Product Marketing Manager for SAS Forecasting. He is on the Board of Directors of the International Institute of Forecasters, and is Associate Editor of their practitioner journal Foresight: The International Journal of Applied Forecasting. Mike is author of The Business Forecasting Deal (Wiley, 2010) and former editor of the free e-book Forecasting with SAS: Special Collection (SAS Press, 2020). He is principal editor of Business Forecasting: Practical Problems and Solutions (Wiley, 2015) and Business Forecasting: The Emerging Role of Artificial Intelligence and Machine Learning (Wiley, 2021). In 2017 Mike received the Institute of Business Forecasting's Lifetime Achievement Award. In 2021 his paper "FVA: A Reality Check on Forecasting Practices" was inducted into the Foresight Hall of Fame. Mike initiated The Business Forecasting Deal blog in 2009 to help expose the seamy underbelly of forecasting practice, and to provide practical solutions to its most vexing problems.
Yesterday I recommended Steve Morlidge’s The Little Book of Beyond Budgeting, for helping to illuminate the troubling usage of business forecasts in the traditional management / budgeting process. Steve reached out to me overnight with some additional points that he shares in this guest blogger post. Steve Morlidge on Forecasts
Is There Something Beyond Budgeting? Forecasting is an integral part of the business planning and budgeting process. Presumably the forecast (which should be an "unbiased best guess" at what is really going to happen in the future) can provide a reasonable foundation upon which the annual budget and operating plans
IIF Tao Hong Award Dr. Tao Hong is a friend, former SAS colleague, former SAS basketball league opponent, a major contributor to SAS Energy Forecasting software, and now Associate Professor at UNC Charlotte. When he isn't raining three-pointers on me on the basketball court, Tao is Director of the Big
