Tag: business forecasting

Advanced Analytics | Analytics | Data Management | Data Visualization
Charlie Chase 0
Misnomers regarding outliers and their usefulness in statistical modeling

Outliers provide much-needed insights into the actual relationships that influence the demand for products in the marketplace. They are particularly useful when modeling consumer behavior where abnormalities are common occurrences or unforeseen disruptions that impact consumer demand. But why do demand planners cleanse out outliers, when many are not really

Advanced Analytics | Machine Learning
Charlie Chase 0
Is demand sensing and shaping a key component of your company’s digital supply chain transformation?

Depending on who you speak with you will get varying definitions and opinions regarding demand sensing and shaping from sensing short-range replenishment based on sales orders to manual blending of point-of-sales (POS) data and shipments.        Most companies think that they are sensing demand when in fact they are

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