The Business Forecasting Deal
Exposing bad practices and offering practical solutions in business forecasting
An alarming percentage of major software implementations fail to be delivered on time, on budget, or even at all. Implementations of new forecasting software, or of new forecasting processes, are not immune from this legacy of failure. Why does this happen, and is there anything we can do about it?
There is a long running debate among forecasting professionals, on whether to use Forecast or Actual in the denominator of your percentage error calculations. The Winter 2009 issue of Foresight had an article by Kesten Green and Len Tashman, reporting on a survey (of the International Institute of Forecasters discussion
The Summer 2010 issue of Foresight is now available. Here is Editor Len Tashman’s preview: For so many years, we forecasters have developed and refined models for demand forecasts – forecasts for product and item sales, orders, shipments – without paying adequate attention to the details of how these forecasts