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Mike Gilliland 0
Could you be POTUS?

Business forecasting is a dismal field of endeavor, fit for dismal people like myself. In an attempt to make this field interesting to people who aren't so dismal by nature, our friends at PollyVote Election Forecasting ask the question: Could you be President of the United States? The PollyVote project is

Mike Gilliland 1
More on forecasting benchmarks

The Perils Revisited A few posts ago I warned of the perils of forecasting benchmarks, and why they should not be used to set your forecasting performance objectives: Can you trust the data? Is measurement consistent across the respondents? Is the comparison relevant? In addition to a general suspicion about

Mike Gilliland 0
The jewels of forecasting at Analytics2012

Leaving Las Vegas Prince Harry, who recently gambled away a handful of the royal family jewels during a high-stakes billiards game, doesn't have to be the only person to leave Las Vegas with some important lessons learned. You can, too, by attending the Analytics2012 conference at Caesar's Palace, October 8-9. Learnings

Mike Gilliland 0
The horticultural argument for SKU rationalization

Uncontrolled product proliferation can have bad consequences, and these are well recognized. There is certainly extra cost and complexity in managing more SKUs (rather than fewer SKUs). And it is unlikely that each new offering adds entirely incremental volume. Instead, the increased product overlap just leads to increased self-cannibalization. We

Mike Gilliland 0
The objectives of forecasting: narrow and broad

Free The BFD The BFD has been on a short hiatus, fending off potential litigation with the organizing committee of a quadrennial international sporting event that isn't the World Cup. Per the advice of SAS Legal, I've had to make a few changes to the May 30 post, now entitled "Forecasting

Mike Gilliland 11
The perils of forecasting benchmarks

Benchmarks of forecasting performance are available from several sources, including professional organizations and journals, academic research, and private consulting/benchmarking organizations. But there are several reasons why industry forecasting benchmarks should not be used for setting your own forecasting performance objectives. 1) Can you trust the data? Are the numbers based

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