The Business Forecasting Deal
Exposing bad practices and offering practical solutions in business forecasting
The practice of business forecasting falls well short of the potential exhibited in academic research and forecasting competitions. Chris Chatfield* noted this in a 1986 editorial in the International Journal of Forecasting, where he called on statisticians to find a better way of communicating the better use of existing methods
After a day out shoveling snow from a freak early September storm, here is editor-in-chief Len Tashman's preview of the Fall 2020 issue of Foresight: The International Journal of Applied Forecasting. Preview of Foresight (Fall 2020) The Fall 2020 issue of Foresight—number 59 since inception in 2005—features the final installment of
Congratulations to Rick Wicklin for 10 Years of The Do Loop Rick Wicklin, author of The Do Loop I want to take a moment to congratulate my colleague Rick Wicklin on the 10th Anniversary of his blog, The Do Loop. Rick is Distinguished Researcher in Computational Statistics at SAS, and our
Excerpt from Steve Morlidge's new book Present Sense (Matador, 2019). Part 3: Not Storytellers But Reporters This is not the place to explore the role and ethics of performance reporting in detail, but I think there are at least four key duties. The duty of clarity Performance reports should be
Excerpt adapted from Steve Morlidge's new book Present Sense (Matador, 2019). Part 2: Not Storytellers But Reporters News and Evidence If we ever doubted the importance of having a capability to assimilate mountains of detail, synthesize it and present it in an accessible and balanced way, the storm around the
It's no secret that The BFD is a huge fan of Steve Morlidge. Morlidge has contributed work of fundamental importance to our understanding of the practice of business forecasting. His studies of forecast quality exposed the abysmal nature of the practice, including the startling statistic that perhaps 30-50% of real-life