The purpose of a smarter forecasting process is to identify and evaluate systematically all factors, which are most likely to affect the course of demand to produce a realistic view […]
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The demand forecasting process is a complex process. Complex processes require checklists for effective execution. Here is a comprehensive Demand Forecasting Principles Checklist I found on the web oriented for […]
Read more ›Tens of thousands of years ago, if you asked a group of tribe members and community leaders to raise their right hand if they believed the earth was flat, all […]
Read more ›In a previous article on improving-data-quality-through-exploration, I show how Tukey’s exploratory data analysis (EDA) offers an opportunity towards a smarter demand forecasting process. I will now focus on how business […]
Read more ›The quality of historical data will be enhanced if we make the effort to clearly identify key demand patterns in time series. It should not be assumed that once a key […]
Read more ›Getting them to take a different path, a new path. The question is, are we talking to the elephant or the rider? As demand forecasters we must strive to induce […]
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As an example of e-commerce demand forecasting, consider the market for selling books online, like my latest book Change&Chance Embraced: Achieving Agility with Smarter Forecasting in the Supply Chain, from which […]
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Become current in forecasting best practices with the latest CPDF Workshop Manual for Smarter Forecasting and Planning. The updated CPDF Smarter Forecasting and Planning Workshop Manual is available for you and your colleagues […]
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EDA: How Data Analysis Becomes a Necessary First Step for Big Data and Predictive Analytics Modeling
When a multidisciplinary research study group at Princeton University undertook a study of the paired uses of electricity and gas in townhouses, it contacted the residents of Twin Rivers, a […]
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When I was developing Forecast Decision Support Solutions for corporate clients, I learned the importance of what poor forecasts meant to downstream users in the Supply Chain: Executive managers, logistics […]
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