How Do You Calculate a Forecast?
Forecast Basics

How Do You Calculate a Forecast?

Executive Summary Calculating a statistical forecast is far more straightforward to create than is often thought in practice. We cover the calculation of the forecast and what it means. Introduction How do you calculate a forecast is a common question that we receive. Because statistical forecasts, in developed countries at least, are generated by systems,…

How do Complex Forecasting Methods Stack Up?
Forecast Basics

How do Complex Forecasting Methods Stack Up?

Executive Summary History shows some interesting insights as to complex methods. There are frequent misunderstandings regarding forecastability, which leads to the misuse of naive methods. Introduction to Complex Forecasting Methods Selecting the right forecasting methods is a critical component of forecasting. You will learn why sophisticated forecasting methods tend to be overestimated and how to…

How to Best Understand Forecasting at the Customer
Forecast Basics

How to Best Understand Forecasting at the Customer

Executive Summary Forecasting at the customer is a commonly requested item by companies. However, there are problematic issues with doing this. Forecasting at the customer is something that leverages a customer forecast hierarchy. Introduction As stated, an attribute can be any categorization that one wants to associate with a product. An attribute can also be…