Research Reports
Research Report #10
Research Report
April 25, 2018
Over the last two decades or so, a number of developments have taken place; some helped to improve forecasts, and others made them worse. The advancement in computer technology improved our computing power and enabled us to use even the most sophisticated algorithms, which were previously...
Research Report #4
Research Report
April 23, 2018
It is difficult to arrive at one fixed number of SKUs that a forecaster can manage, because situations vary from industry to industry and company to company. There are several factor at play. Table of contents: How Easy or Difficult to Forecast Cost of Forecast Error Level of Aggregation Required...
Articles
article image
Articles
February 5, 2018
Whether you realize it or not, virtually every business decision and process is based on a forecast. Anything you plan is generally based on an assumption of something happening...
article image
Articles
December 13, 2017
1.Mistake: The more sophisticated the model, the better. Correction: The sophisticated models are not necessarily better. Very
article image
Articles
December 13, 2017
Mention "forecasting," and most people think you're talking about their local meteorologist describing temperature ranges and cold
article image
Articles
December 13, 2017
There are basically three types of models, which are: (1) Time Series (2) Cause-And-Effect (3) Judgmental TIME SERIES MODELS A Time
Designed to deal with sporadic demand (no seasonality) with a two-step process. The main goal is to provide a good safety stock, resulting in a situation where there is neither over or under stock. This is accomplished by considering two aspects of the data: the demand size and the…
Read on in the Glossary
Calculator
Calculate How Much Money You Will Save By Reducing Forecast Error
Explore the Calculator
Cant find what you need in our Knowledge Base? We’ve designed a system which allows you to find any article from the journal’s 30+ years to read at your leisure. All Journals