The Business Forecasting Deal
Exposing bad practices and offering practical solutions in business forecasting
With apologies to Johnnie Cochran and Joyce Kilmer : “If the model do fit, it don’t prove ****” This was the warning from Trick #1. As a forecaster your job is to produce forecasts – as good as they can reasonably be expected to be – not to fit models
The Spring 2009 Foresight feature on assessing forecastability is a must-read for anyone who gets yelled at for having lousy forecasts. (It should also be read by those who do the yelling, but you’d have to be living in Neverland to believe that will ever happen.) As I promised in
Today I welcome guest blogger Len Tashman, Editor of Foresight: The International Journal of Applied Forecasting. I’ve been a big fan of Foresight since its inception in 2005, and the Spring 2009 issue contains a special feature on a topic close to my heart -- assessing forecastability. Here is Len’s