Posts Tagged ‘ nike ’

Models Alone are Not Enough for Improving Forecasts

June 1, 2009
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Models Alone are Not Enough for Improving Forecasts

Statistical models are important, but they are not the be all and end all of forecasting. Forecasts can be further improved if: 1) Data is properly analyzed and treated before using a model 2) Have a process in place for obtaining data/information/feedback from various stakeholders, both within and outside the organization 3) Have a...

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