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Move beyond spreadsheets to data mining, forecasting, optimization – and more

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Rick Wicklin 0
Efficient Sampling

Recently, SAS Global Forum announced the call for papers for the 2011 conference to be held at Caesars Palace in Las Vegas. Since the conference is in Las Vegas, I’ve been thinking a lot about games of chance: blackjack, craps, roulette, and the like. You can analyze these games by

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Rick Wicklin 0
A Prime Number Sieve

Today is the birthday of Bernhard Riemann, a German mathematician who made fundamental contributions to the fields of geometry, analysis, and number theory. Riemann is definitely on my list of the greatest mathematicians of all time, and his conjecture about the distribution of prime numbers is one of the great

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Michael Newkirk 0
Do cows need analytics too?

Recently, I had the privilege of visiting one of our small to midsize business (SMB) customers, Oberweis Dairy, a family owned, 90-year-old business located in the Chicago area. Essentially, Oberweis has morphed from a family dairy farm to a significant, regional food manufacturer and retailer. With 39 retail stores, 40,000

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Mike Gilliland 0
North Carolina DMV redux?

Did the North Carolina Department of Motor Vehicles regain its sanity? Or was this just another tease? As you recall from last year, my application for “THE BFD” personalized license plate was accepted – then rejected – even though that extra $30 fee could have eased at least some of

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Mike Gilliland 0
FAQ: Retail Store Forecasting

Self-anointed as The Aristocrat of forecasting related blogs, The BFD takes its public service role seriously (or at least as seriously as anyone who self-anoints on a regular basis can be taken). Among the services The BFD provides, both publicly (on webcasts or speaking engagements) and privately (by phone, email,

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Mike Gilliland 0
The Contest

Better forecasting can, of course, help address many business problems. We want to believe that more accurate forecasts are always possible. “If only,” management bemoans, “if only we had bigger computers, more sophisticated software, more skilled forecast analysts – or if the analysts we have just worked harder!” Unfortunately, there

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Mike Gilliland 0
The Forecasting "Bake-Off"

Just as we all eagerly awaited announcement of the $1 million prize winner of the Pillsbury Bake-Off(R), every forecasting software vendor has endured the "bake-off" hosted by organizations in the market for new forecasting software. Software selection teams utilize a bake-off to help evaluate competing vendors. Vendors are given a

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Mike Gilliland 0
My Friends at F2010

The F2010 Business Forecasting Conference wrapped up on June 8. Chaired by Tim Rey of Dow Chemical and Jerry Oglesby of SAS, this was another strong event, bringing together 248 forecasters from business, government, and academics, representing 27 states and 11 countries. It was also an opportunity for all to

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Mike Gilliland 0
Announcing The BFD (the book)

I am pleased to announce publication of The Business Forecasting Deal: Exposing Myths, Eliminating Bad Practices, Providing Practical Solutions, available now in a convenient carry-everywhere size (approx 6” x 9” x 1”), or for download to your Kindle. Table of contents, sample sections (including the Prologue, Forewords by Tom Wallace

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Mike Gilliland 0
Holdout Sets: Good or Bad?

My friend Tom Reilly of Automatic Forecasting Systems posted this comment on the INFORMS discussion group on LinkedIn: Some use all of the data and some withhold data to find the best forecasting model? Withholding is arbitrary as changing the withhold from x to y means a completely different model

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