This year we had the pleasure to attend the 42nd International Symposium on Forecasting in Oxford, UK. SAS participants traveled from across the globe. They presented their research, discussed their ideas, and learnt from some of the most reputable names in the forecasting space. The presentations were captivating and the
Often the biggest challenge when implementing a successful forecasting process has nothing to do with the analytics. Forecast adoption – incorporating forecasts into decision-making – is just as high a hurdle to overcome as the models themselves. Forecasting is more than analytical models Developing a forecasting process typically begins with
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
