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7 Deadly Mistakes Made In Modeling And Forecasting
December 13, 2017
1.Mistake: The more sophisticated the model, the better. Correction: The sophisticated models are not necessarily better. Very…
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Top Misconceptions in Forecasting
December 13, 2017
Mention "forecasting," and most people think you're talking about their local meteorologist describing temperature ranges and cold…
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What Types of Forecasting Models are Available?
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…
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Forecasting Software Versus Forecasting Systems
December 13, 2017
It is important to know the difference between forecasting software and forecasting systems. Forecasting software…
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How to Win the Support of Top Management for Forecasting
December 13, 2017
How to Win the Support of Top Management for Forecasting Step 1: Educate top management. Whether management realizes…
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Calculate How Much Money You Will Save By Reducing Forecast Error
December 13, 2017
Very often questions arise how to convince upper management that the forecasting function is absolutely necessary. By calculating…
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