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Mike GillilandOctober 13, 2015 1

Probabilistic load forecasting competition

So you think you know how to forecast? Now is your chance to prove it, by participating in a probabilistic load forecasting competition run by my friend (and former SAS colleague), Dr. Tao Hong. Currently a professor at UNC Charlotte and director of the Big Data Energy Analytics Laboratory (BigDEAL),

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Mike GillilandOctober 5, 2015 0

Guest blogger: Len Tashman previews Fall issue of Foresight

Editor Len Tashman's Preview of the Fall 2015 issue of Foresight This 39th issue of Foresight features a special section on forecasting support systems (FSS) developed by our FSS Editor Fotios Petropoulos. His article Forecasting Support Systems: Ways Forward highlights three main areas for improvement: better utilization of open-source software

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Mike GillilandAugust 28, 2015 0

Fall 2015 forecasting education opportunities

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

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Mike GillilandAugust 24, 2015 3

Free practitioner workshop - October 7 (London, UK)

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

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Mike GillilandAugust 21, 2015 0

Judgmental adjustments to the forecast

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

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Mike GillilandJune 16, 2015 0

Announcing SAS/IIF research grants for 2015/16

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

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Mike GillilandMay 20, 2015 5

Never be left stranded with a two-bin inventory control system (Part 2)

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

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Mike GillilandMay 19, 2015 0

Never be left stranded with a two-bin inventory system (Part 1)

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

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Mike GillilandMay 1, 2015 1

How to solve a difficult forecasting problem

The Boulder, The Cliff, and The Baby Imagine you are faced with this very urgent problem: A large boulder is teetering on the edge of a cliff, at the bottom of which sits a baby, at risk of being crushed. How do you solve this problem? One solution for the

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Mike GillilandApril 27, 2015 0

Online Forecast Value Added course May 7-8

The SAS Business Knowledge Series now offers an online version of the "Forecast Value Added Analysis" course, taught via live web in two afternoon sessions, May 7-8. The instructor is my colleague Chip Wells, who expanded our original 1/2 day FVA workshop with new material, examples, and exercises based on his

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