Tag: forecasting

Advanced Analytics | Analytics | Artificial Intelligence | Machine Learning
Charlie Chase 0
How do I explain a flat-line forecast to senior management?

How do you explain flat-line forecasts to senior management? Or, do you just make manual overrides to adjust the forecast?    When there is no detectable trend or seasonality associated with your demand history, or something has disrupted the trend and/or seasonality, simple time series methods (i.e. naïve and simple

Analytics | Artificial Intelligence | Machine Learning
Charlie Chase 0
Is machine learning practical for statistical forecasting?

There's been a lot of hype regarding using machine learning (ML) for demand forecasting, and rightfully so, given the advancements in data collection, storage, and processing along with improvements in technology. There's no reason why machine learning can't be utilized as another forecasting method among the collection of forecasting methods

Analytics | Artificial Intelligence | Internet of Things | Machine Learning
Charlie Chase 0
Practical approaches to new product forecasting using structured and unstructured data

When it comes to forecasting new product launches, executives say that it's a frustrating, almost futile, effort. The reason? Minimal data, limited analytic capabilities and a general uncertainty surrounding a new product launch. Not to mention the ever-changing marketplace. Nevertheless, companies cannot disregard the need for a new product forecast

Advanced Analytics | Analytics
Patricia Neri 0
An introduction to SAS Visual Forecasting 8.2

This post is an introduction to SAS Visual Forecasting 8.2. We'll build a Visual Forecasting (VF) Pipeline, which is a process flow diagram whose nodes represent tasks in the VF Process. The objective is to show how to perform the full analytics life cycle with large volumes of data: from accessing data and assigning variable roles accurately, to building forecasting models, to select a champion model and overriding the system generated forecast.

Analytics | Artificial Intelligence | Customer Intelligence | Machine Learning
John Hawkins 0
Energy and electricity, market disruption and new dynamics

There is general agreement that the electricity and energy market is changing in a wide variety of ways. There is, however, less agreement on the likely effects of these changes. This makes it extremely hard for energy companies to know precisely where to target investment, but there are ways of

Advanced Analytics | Analytics | Artificial Intelligence | Data Management | Machine Learning
Charlie Chase 0
Why do we rely on judgment when analytics outperforms it?

Wherever there is uncertainty there has got to be judgment, and wherever there is judgment there is an opportunity for human fallibility. Donald Redelmeirer, physician-researcher Over the holidays, I read a fascinating book titled The Undoing Project: A Friendship That Changed Our Mind by Michael Lewis (W.W. Norton & Company,

Analytics
Hans Bonde 0
Forecasting tender demand

When I talk to companies on how to improve their forecasting process they often share their difficulties with handling demand from potential large orders, where they are in a tender situation. Further, demand originating from tenders is increasing. Tender demand have characteristics which makes it difficult to handle in traditional

Advanced Analytics | Analytics | Machine Learning
Charlie Chase 0
Straight talk about forecasting and machine learning

Are you caught up in the machine learning forecasting frenzy? Is it reality or more hype?  There's been a lot of hype about using machine learning for forecasting. And rightfully so, given the advancements in data collection, storage, and processing along with technology improvements, such as super computers and more powerful

Advanced Analytics | Analytics
Dr. Laurie Miles 0
Results-as-a-Service - Aussagekräftige Analysen für alle!

In seinem Buch „Competing on Analytics“ benennt Tom Davenport die Analytik als Grundlage nachhaltiger Wettbewerbsvorteile. Der Grund dafür ist der prädiktive Ansatz. Heutzutage ist es nicht mehr möglich, ein Unternehmen alleine mit Blick in den Rückspiegel zum Erfolg zu führen. Und Analytik erlaubt den dringend erforderlichen Blick in die Zukunft.

Data Management | Machine Learning
Charlie Chase 0
Machine learning changes the way we forecast in retail and CPG

Machine learning is taking a significant role in many big data initiatives today. Large retailers and consumer packaged goods (CPG) companies are using machine learning combined with predictive analytics to help them enhance consumer engagement and create more accurate demand forecasts as they expand into new sales channels like the

1 2 3 4