Larry Lapide receives Lifetime Achievement award from IBF

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Larry receiving award from IBF Managing Director Anish Jain

The Institute of Business Forecasting has named Larry Lapide, Research Affiliate at MIT, as recipient of its "Lifetime Achievement in Business Forecasting & Planning" award -- a much deserved honor! Larry has written a quarterly column for Journal of Business Forecasting for 15 years, and I've been a longtime follower.

In contributing overĀ 60 columns to JBF, Larry has covered a lot of territory. Yet, no matter what the topic, I've always found some useful takeaway from his writings. Three favorites that come to mind are:

  • Forecasting is About Understanding Variations (Winter 1998) -- advocates a simple method called Percent of Variation Explained (PVE) for evaluating forecasting performance.
  • Forecasting Heroes Catch Turning Points (Fall 2001) -- suggests ways to detect turning points in your company's business.
  • Where Should the Forecasting Function Reside? (Winter 2002) -- surveys the pro and con arguments for locating forecasting in various departments (standalone, marketing, sales, production/operations/logistics, finance, strategic planning).

Note that IBF members receive free online access to all 30+ years of their journal, including all of Larry'sĀ columns.

Thank you Larry for all your valuable contributions, and congratulations on this honor!

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About Author

Mike Gilliland

Product Marketing Manager

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.

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