Aug 31, 2021
I have had a number of calls this past week with various media outlets, including the Associated Press, WRAL, Forbes, and even the New York Times! All of these reporters…
Apr 27, 2012
In forecasting for demand there are two predominant methods of modeling available: deterministic and probabilistic. Normally just saying the names of these techniques is enough to turn someone off from…
Apr 26, 2012
This paper will highlight some of the numerical modeling techniques used in weather forecasting that can be applied to improve business forecasting. Demand and weather forecasting are comparable in so…
Jan 26, 2011
References Most introductory textbooks in Operations and Supply Chain Management offer a good discussion of forecasting models. Techniques such as time series models, regression, and measures of forecasting accuracy are…
Summary Forecasting is a critical part of CPFR. Fortunately, there are a number of well-developed tools and strategies for developing forecasts. Avoid forecasting values when you can calculate them. For…
Q2 Forecasting What Is Q2 Forecasting? Quantitative-Qualitative Forecasting Basic ideas behind Q2 forecasting: Wherever possible, forecasters should first develop a quantitative forecast, then use this for the basis for more…
3 – Step Process STEP 1: Divide Items into Three Major Categories STEP 2: Apply the simplest tools needed to do the job STEP 3: Spend effort on the “difficult…
Jan 25, 2011
Double Exponential Smoothing What Is Double Exponential Smoothing? Time Series with Trend: Double Exponential Smoothing h2. What Is Double Exponential Smoothing? …like regular exponential smoothing, except includes a component to…
Exponential Smoothing What is Exponential Smoothing? Exponential Smoothing Forecaset with a = .3 h2. What is Exponential Smoothing? A type of weighted moving averaging model Part of many forecasting packages;…
Time Series Models Time Series Models Time Series Components of Demand… Basic Idea Behind Time Series Models Moving Average Models Table of Forecasts & Demand Values… … and Resulting Graph…
