The Business Forecasting Deal
Exposing bad practices and offering practical solutions in business forecasting
You may not be in London on October 7 to take advantage of the Lancaster Centre for Forecasting's free workshop on promotional forecasting. However, there are still plenty of forecasting educational opportunities coming up this fall: SAS Business Knowledge Series Best Practices in Demand-Driven Forecasting (Chicago, September 24-25) My colleague
Our friends at the Lancaster Centre for Forecasting have announced their next free practitioner workshop. It will be held Wednesday October 7,1:00-5:15pm, at BMA House, Tavistock Square, London WC1H. This session's top is: Promotional Modelling and Forecasting Understanding and forecasting the effects of a promotion for both retailers and manufacturers
So you think you can outsmart your statistical forecast? Apparently, lots of people do. In "Judgmental Adjustments to Forecasts in the New Economy" (Foresight, Issue 38 (Summer 2015), 31-36), Manzoor Chowdhury and Sonia Manzoor argue that forecasters are becoming more dependent on judgmental adjustments to a statistical forecast. Sometimes this
SAS/IIF Grant to Promote Research on Forecasting For the thirteenth year, the International Institute of Forecasters, in collaboration with SAS, is proud to announce financial support for research on how to improve forecasting methods and business forecasting practice. The award for the 2015-2016 year will be (2) $5,000 grants. The
The Two-Bin Inventory Control System So what is a two-bin inventory control system? Whether you realize it or not, you are probably very familiar with the concept. In fact, if you are reading this on a tablet or smartphone, you may be sitting next to one right now (see photo). According to
As discussed in the last BFD post, sometimes a difficult and expensive problem doesn't have to be solved -- it can simply be avoided. When the teetering boulder threatened the baby below the cliff, we removed the baby and no longer had to worry about propping up the boulder. When it