While discussing ways and means to improve Sales and Operations Planning (S&OP) and forecasting, many a time business executives ask “What can we do with social media?" This was definitely NOT a usual topic in S&OP forum just a few years back! Most of the time, I push back the
Last month I wrote about how to simulate a drunkard's walk in SAS for a drunkard who can move only left or right in one direction. A reader asked whether the problem could be generalized to two dimensions. Yes! This article shows how to simulate a 2-D drunkard's walk, also
Machine learning is moving into the mainstream. Once the sole purview of academic researchers and advanced technology firms, machine learning is now being is used by many companies in more traditional industry verticals. Machine learning uses mathematical (not necessarily statistical) models to learn about data. In this context, learning about
