The Business Forecasting Deal
Exposing bad practices and offering practical solutions in business forecastingThe Fall issue of Foresight is available this month, and includes a review of The BFD (the book). Here is Editor Len Tashman's preview: Books reviewed in Foresight in the past have fallen into two categories: those that serve as textbooks, largely emphasizing forecasting methods, and general-interest books, that offer
No matter how much we want it, and no matter how hard we try, we can’t always achieve the forecast accuracy desired. Forecasting Heads or Tails in the toss of a fair coin gives the perfect illustration (being right 50% of the time is all we can achieve over a
When Marilyn Manson sang of “The Beautiful People,” I think it was about how symmetry of facial features makes a person more visually attractive. At least that was the message I got out of the song. But unfortunately, even facial symmetry cannot compensate for an insufferable personality, as both Marilyn
Did the North Carolina Department of Motor Vehicles regain its sanity? Or was this just another tease? As you recall from last year, my application for “THE BFD” personalized license plate was accepted – then rejected – even though that extra $30 fee could have eased at least some of
Self-anointed as The Aristocrat of forecasting related blogs, The BFD takes its public service role seriously (or at least as seriously as anyone who self-anoints on a regular basis can be taken). Among the services The BFD provides, both publicly (on webcasts or speaking engagements) and privately (by phone, email,
This week I received an urgent text message from a good friend and former colleague in the consulting business: Mike, I am down 24 pages in your book and [besmirching my trousers]. Is there no hope for consultants like me? My response was to not let the book ruin a