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FVA Analysis Tutorial at Analytics Experience 2017

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By Topics | Analytics

Registration is now open for the SAS Analytics Experience 2017, being held September 18-20, in Washington, DC. (The Analytics Experience moves to Amsterdam, October 16-18 -- details on that event to follow.)

For anyone interested in FVA analysis, Chip Wells and I will be delivering a half-day pre-conference training session on Sunday, September 17:

Forecast Value Added Analysis: A Tutorial

Forecast Value Added (FVA) is the change in a forecasting performance metric (such as MAPE or bias) that can be attributed to a particular step or participant in the forecasting process. FVA analysis is used to identify those process activities that are failing to make the forecast better (or may even be making it worse). This course provides step-by-step guidelines for conducting FVA analysis to identify and eliminate the waste, inefficiency and worst practices in your forecasting process. The result can be better forecasts, with fewer resources and less management time spent on forecasting.

 

Tags analytics conference analytics experience forecast value added FVA
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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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