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New book: Business Forecasting

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Business Forecasting book coverAnnouncing New Book: Business Forecasting

Just in time for the new year, Business Forecasting: Practical Problems and Solutions compiles the field's most important and thought provoking new literature into a single comprehensive reference for the business forecaster.

So says the marketing literature.

The real story? The book does pretty much that.

With my co-editors Len Tashman (editor-in-chief of Foresight: The International Journal of Applied Forecasting) and Udo Sglavo (Sr. Director of Predictive Modeling R&D at SAS), we've assembled 49 articles from many of our favorite, and most influential authors of the last 15 years.

As we state in the opening commentary of chapter 1:

Challenges in business forecasting, such as increasing accuracy and reducing bias, are best met through effective management of the forecasting process. Effective management, we believe, requires an understanding of the realities, limitations, and principles fundamental to the process. When management lacks a grasp of basic concepts like randomness, variation, uncertainty, and forecastability, the organization is apt to squander time and resources on expensive and unsuccessful fixes. There are few endeavors where so much money has been spent, with so little payback.

Through the articles in this collection, and the accompanying commentary, we facilitate exploration of these basic concepts, and exploration of the realities, limitations, and principles of the business forecasting process. Throughout 2016 this blog will highlight many of the included articles.

The four main sections cover:

  • Fundamental Considerations in Business Forecasting
  • Methods of Statistical Forecasting
  • Forecasting Performance Evaluation and Reporting
  • Process and Politics of Business Forecasting

The book is now available from the usual suspects (which includes anywhere that Pulitzer (if not Nobel) quality literature is sold):

The publisher has graciously provided a free sample chapter, so please take a look.

Tags business forecasting; Foresight; Len Tashman; Udo Sglavo
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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.

3 Comments

  1. Pingback: New book: Business Forecasting - supplychain.com

  3. Mike Gilliland
    Mike Gilliland on

    Hi John, currently there are no plans to provide an audio version of Business Forecasting: Practical Problems and Solutions, but there is an e-book version. You may be able to find an e-book reader that will convert text to speech.

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