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.
Live from the Institute of Business Forecasting conference in Orlando this week, where I'm excited to announce that my longtime SAS colleague Charlie Chase just received the 2013 Lifetime Achievement Award for his contributions to the IBF and the forecasting profession. More details and and pictures later this week... Reminder:
In this quarter's installment of the SAS/Foresight Webinar Series, Steve Morlidge will discuss his promising new approach to evaluating the "Avoidability of Forecast Error." Based on his article in the Summer 2013 issue of Foresight, and examined in a four-part series on The BFD blog (Part 1, Part 2, Part
Forecast Value Added (FVA) is a metric for comparing the performance of your organization’s forecasting process to “doing nothing” and using a naïve model to generate your forecasts. The idea is, if all the resources and effort we put into forecasting are not providing forecasts that are better than using
