Following is editor Len Tashman's preview of the 2021-Q4 issue of Foresight: The International Journal of Applied Forecasting. Preview of Foresight #63 (2021-Q4) FORESIGHT HALL OF FAME Adopting the idea from other journals that recognize outstanding contributions to the field through best paper awards, we are pleased to announce that
Following is Editor Len Tashman's preview of the new issue of Foresight: The International Journal of Applied Forecasting. Preview of Foresight #62 (2021:Q3) This 62nd issue of Foresight has been heavily “infected” by the COVID pandemic. Stephan Kolassa’s book review of Resurrecting Retail by Doug Stephens raises the question of whether the
Following is Editor Len Tashman's preview of the new issue of Foresight: The International Journal of Applied Forecasting. Jonathon Karelse, author of the lead story, will be presenting in the Practitioner Track of the International Symposium on Forecasting (June 27-30). Preview of Foresight #61 (2021:Q2) For many years, we’ve identified
Through the M4 and M5 competitions, we've seen the promising performance of machine learning approaches in generating forecasts. The SAS whitepaper "Assisted Demand Planning Using Machine Learning for CPG and Retail" describes a role for ML in augmenting the demand planning by guiding the review and override of statistical forecasts.
After a day out shoveling snow from a freak early September storm, here is editor-in-chief Len Tashman's preview of the Fall 2020 issue of Foresight: The International Journal of Applied Forecasting. Preview of Foresight (Fall 2020) The Fall 2020 issue of Foresight—number 59 since inception in 2005—features the final installment of
Following is editor-in-chief Len Tashman's preview of the Summer 2020 issue of Foresight: The International Journal of Applied Forecasting. Preview of Foresight (Summer 2020) The Summer 2020 issue of Foresight—number 58 in this, our fifteenth anniversary year—addresses fundamental issues related to (a) the criteria for choosing among forecasting methods, (b)
Following is editor-in-chief Len Tashman's preview of the Spring 2020 issue of Foresight: The International Journal of Applied Forecasting. Preview of Foresight (Spring 2020) This Spring 2020 issue of Foresight—number 57 since the journal began in 2005— leads off with Associate Editor Mike Gilliland’s discussion of The M4 Forecasting Competition:
The International Journal of Forecasting has published its 2020-Q1 issue, guest edited by Spyros Makridakis and Fotios Petropoulos, and dedicated entirely to results and commentary on the M4 Forecasting Competition. This issue should be of great interest and value to business forecasting practitioners, and you get online access to it
Following is editor-in-chief Len Tashman's preview of the Winter 2020 issue of Foresight: The International Journal of Applied Forecasting. Preview of Foresight (Winter 2020) This Winter 2020 issue of Foresight—number 56 since the journal began in 2005—formally introduces a new section: Integrated Business Planning (IBP), the meaning of which is evolving
Foresight Editor-in-Chief Len Tashman's Preview of the Fall 2019 Issue This 55th issue of Foresight opens with an article from Phillip Yelland, Zeynep Erkin Baz, and David Serafini of the Data Science/AI team at Target: Forecasting at Scale: The Architecture of a Modern Retail Forecasting System. The challenge of scale
Artificial Intelligence for Forecasting Can artificial intelligence augment and amplify our forecasting efforts? Will AI impact our forecasting roles and processes? Does AI deliver the automation and forecast accuracy we've been pursuing? These are the sorts of questions to be addressed by a stellar panel of world-class experts at the
Editor-in-Chief Len Tashman's Preview of the Summer 2019 Issue of Foresight This 54th edition of Foresight features an important new take on the role of judgment in the forecasting process. Normally, we see judgment applied to adjust a statistical forecast or supply a forecast directly. But here Fotios Petropoulos proposes
Special Feature Section Our special feature section in this 53rd issue of Foresight poses the question, Are You a Victim of Your Models? Here Tom Willemain, a longtime contributor to the journal, ponders why modeling and optimization algorithms haven’t displaced “gut instinct” in supply-chain forecasting as much as one would
This issue's preview is provided by Ralph Culver, Foresight's manuscript editor. Preview of Winter 2019 issue of Foresight The Winter 2019 issue of Foresight—number 52—kicks off with Simon Clarke’s enthusiastic review of The Little Illustrated) Book of Operational Forecasting by Dr. Steve Morlidge. Every year brings us new, inexperienced business-operations
This Fall 2018 issue of Foresight, our 51st, opens with Fotios Petropoulos’s review of Paul Goodwin’s latest book, How to Profit from Your Software: A Best-Practice Guide for Sales Forecasters. Fotios notes that the author doesn’t single out any one software system, but keeps the discussion general and so applicable to many products.
Editor-in-Chief Len Tashman's Preview of Foresight The Spring 2018 issue of Foresight—the 49th since our beginning in 2005—opens with a feature section on Supply Chain forecasting. More specifically, it addresses the very critical matter of how a company should determine its service-level targets, or the probability that no shortages occur between the time
What is Forecast Value Added? Please enhance your Valentine's Day with this treat offered up by the Journal of Business Forecasting. Eric Wilson's very nice discussion of Forecast Value Added, originally published in the Spring 2016 issue of JBF, is now available online: "What is Forecast Value Added?" Eric also
Editor-in-Chief Len Tashman's Preview of the Fall 2017 Issue of Foresight Artificial intelligence (AI) is the name commonly given to the ability of machines to mimic the human aptitude to reason, solve problems, and learn from experience. Research in this field over the past few decades has spanned many disciplines,
Chris Gray of Gray Research is a longtime contributor to the practice of Sales and Operations Planning. He is author of several books on S&OP, software selection, and other supply chain related areas, including Sales and Operations Planning Standard System (2007). In 2006 he co-authored Sales & Operations Planning –
Editor-in-Chief Len Tashman's Preview The forecasting field is surely cross-disciplinary, as exemplified by the diverse membership of the International Institute of Forecasters (the publisher of this journal), but it is also multidimensional, as can be clearly seen in this Summer 2017 issue. The articles you’ll read here encompass sales and
Preview of the Spring 2017 Issue of Foresight Since our first issue in 2005, Foresight has strived to serve up articles that unite the scholarship of our field’s academic researchers with the perspectives of experienced organizational practitioners, all the time emphasizing lessons learned—and sometimes those lessons are learned the hard
Preview of the Winter 2017 issue of Foresight Foresight begins the new year with our 44th issue since the journal began publishing in 2005, and in this Winter 2017 collection we’re showcasing a broad range of incisive and entertaining pieces. We’re looking at new research on the effectiveness of collaboration
In a February 2015 post Offensive vs. Defensive Forecasting, I sought to distinguish two very different approaches to the business forecasting problem: Offensive: The "offensive" forecaster is focused on forecast accuracy -- on extracting every last fraction of a percent of accuracy we can hope to achieve. The approach is
Companies launch initiatives to upgrade or improve their sales & operations planning and demand planning processes all the time, but many fail to deliver the results they should. Has your forecasting operation fallen short of expectations? Do you struggle with "best practices" that seem incapable of producing accurate, useful results?
Editor Len Tashman's Preview of the Summer Issue of Foresight Clarity and effectiveness of communication are key to success – so says a recent survey by the National Association of Business Economists (NABE), which reported that industry leaders and hiring managers considered communication skills to be the single most important
Paul Goodwin is Professor Emeritus of Management Science at University of Bath, and one of the speakers at this fall's Foresight Practitioner Conference (October 5-6 in Raleigh, NC). His topic will be "Use and Abuse of Judgmental Overrides to Statistical Forecasts"-- an area in which he has contributed much of
"The Role of Model Interpretability in Data Science" is a recent post on Medium.com by Carl Anderson, Director of Data Science at the fashion eyeware company Warby Parker. Anderson argues that data scientists should be willing to make small sacrifices in model quality in order to deliver a model that
Editor Len Tashman's preview of the Winter 2016 issue of Foresight This 40th issue of Foresight begins with a review of the new book by Philip Tetlock and Dan Gardner with the enticing title Superforecasting: The Art and Science of Prediction. Reviewer Steve Morlidge explains that …the “superforecasters” of the
In conjunction with the International Institute of Forecasters and the Institute for Advanced Analytics at North Carolina State University, the 2016 Foresight Practitioner conference will be held in Raleigh, NC (October 5-6, 2016) with the theme of: Worst Practices in Forecasting: Today's Mistakes to Tomorrow's Breakthroughs This is the first
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
