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IBF Webinar Q&A: What Management Must Know About Forecasting
Below details Questions & Answers from IBF’s Webinar “What Management Must Know About Forecasting.” If you missed it, no worries. You can view it complimentary by clicking HERE. 1. If a product is not forecastable, what’s the most appropriate step to move the product to become forecastable? Answer: The most effective way to improve... »
Is Regression/ Causal Modeling for Forecasting Underutilized?
As readers know, we basically have two ways of doing forecasting: 1. Extrapolating from historical trends – univariate forecasting (ie. Time Series Forecasting) 2. Including independent variables such as price that we believe influence movements in sales – causal modeling or regression modeling Comparing the two approaches, the chief advantage of univariate forecasting is... »