Search Results for: forecasting

How To Best Remove Forecast Bias From A Forecasting Process

How To Best Remove Forecast Bias From A Forecasting Process

Executive Summary Removing forecast bias is a politically complicated endeavor. We cover how to do it. Introduction Forecast bias is distinct from forecast error and is one of the most important keys to improving forecast accuracy. To understand what it is, see the article How to Understand Forecast Bias. In this article, we will address…

Explanation of the Brightwork Cross Peer Evaluation for Forecasting Vendors

Executive Summary This article explains the Cross Peer Evaluation to vendors. This gives vendors an alternative to Gartner. Introduction The IT analyst space has a major problem. While there are several major IT analysts, for software selection a single company, Gartner is dominant. Gartner has created a monopoly through more than 60 acquisitions and forces…

References for Brightwork Statistical Forecasting Articles

Executive Summary These are the references that were used for our Statistical Forecasting articles. Learn why so few entities in the IT space include references in their work.  Introduction This is the reference list for the Statistical Forecasting articles, as well as interesting quotes from these references at Brightwork Research & Analysis. Reference #1: Article…

Comments on Brightwork Articles on Outliers in Forecasting

Executive Summary This article contains comments from articles on outliers in forecasting. Introduction These comments are in response to the articles on outliers in forecasting. Comment #1: Tim Reilly Shaun, Great Article. I just want to second your point about finding an application which is good at doing this. For example, your equation is the…

Comments on Brightwork Articles on Crostons in Forecasting

Executive Summary This article contains comments from articles on crostons in forecasting. Introduction These comments are in response to the articles on crostons in forecasting. Comment #1: Brian Varney Hello, I am trying to emulate a Croston by using exponential smoothing on the size and interval components. I seem to get success in matching SAS’…

Comments on Brightwork Articles on Demand Sensing in Forecasting

Executive Summary This article contains comments from articles on demand sensing in forecasting. Introduction These comments are in response to the articles on demand sensing in forecasting. Comment #1: Tibor Vister Hi Shaun, As already started discussion in another topic I would like to give you my comments here as well.I see demand sensing useful…

Comments on Brightwork Articles on Alpha Beta Gamma in Forecasting

Executive Summary This article contains comments from articles on alpha, beta gamma in forecasting. Introduction These comments are in response to the articles on alpha, beta gamma in forecasting. Comment #1: Thomas S Hello, I would like to understand the range of alpha, beta and gamma. These are simply weighing factors. Combined they cannot exceed…

How Accurate is DDMRP’s Explanation of Forecasting?

How Accurate is DDMRP’s Explanation of Forecasting?

Executive Summary A big part of DDMRP is its proponents stating that critics don’t understand DDMRP. In this article, we analyze what a DDMRP proponent has to say about forecasting. Introduction The following article, Forecasts, one of DDMRP’s best friends, was shared on LinkedIn and was written by David Villalobos on July 16, 2020. See…