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
Book Review in Journal of Business Forecasting The Summer 2016 issue of Journal of Business Forecasting includes a book review of Business Forecasting: Practical Problems and Solutions. The review is by Simon Clarke, Group Director of Forecasting at The Coca-Cola Company. You may be familiar with Clarke's many previous contributions
Journal of Business Forecasting columnist Larry Lapide is a longtime favorite of mine. As an industry analyst at AMR, and more recently as an MIT Research Affiliate, Larry's quarterly column is a perpetual source of guidance for the practicing business forecaster. No wonder he received IBF's 2012 Lifetime Achievement in
JBF Special Issue on Predictive Business Analytics Dr. Chaman Jain, professor at St. Johns University, and editor-in-chief of the Journal of Business Forecasting, provides his preview of the Winter 2014-15 issue: Predictive Business Analytics, the practice of extracting information from existing data to determine patterns, relationships and future outcomes, is
We're entering the busy season for forecasting events, and here is the current calendar: Analytics2014 - Frankfurt The European edition of Analytics2014 kicks off tomorrow in Frankfurt, Germany. Five hundred of the leading thinkers and doers in the analytics profession hook up for two full days of interaction and learning.
We ended last time having selected a cluster of surrogate products -- a subset of the original selection of like-items that had the same attributes as the new product. Judgment has been used throughout the process so far, in specification of the relevant attributes, filtering the original candidate pool of
There is a well recognized phenomenon that combining forecasts, derived from different methods using different sources of information, can improve forecast accuracy. This approach, sometimes called "ensemble forecasting," is available in SAS Forecast Server. Per Scott Armstrong's review of 57 studies on combining forecasts, "the combined forecast can be better
Being a Hollywood celebrity means plenty of perks in addition to willing groupies. For example, the 2012 Oscars Nominee Gift Bag (valued at over $62,000) included a 5-day elephant safari in Botswana ($15,580), Eminence organic body scrub (with virgin coconut oil and raw sugar cane, $48), Naughty Bits Brownies ($50), and a
Citing online job postings reviewed by talent data firm Wanted Analytics, and a Software Advice blog by Michael Koploy, APICS e-News reports that "Demand planning analysts" are hot -- one of the five hottest careers in logistics. (Free subscription to APICS e-News) Clearly, APICS means there are a lot of good jobs
