Demand Forecasting: The Art and Science That Keeps You Guessing

“It is said that the present is pregnant with the future” – Voltaire Forecasting, therefore, is an attempt to deduce the future from the present. It is both, art and science. We will explore the practice of forecasting demand in the short to medium term. Within the constraints of economic and technology trends, demand forecasting drives the planning process in most businesses.

By |2019-04-13T23:09:27-04:00May 3rd, 2017|Forecasting|0 Comments

What-if Wednesday: Forecast Simulation – Changing The Beta Parameter in a Forecasting Method

In our previous blog, we experimented with Alpha - the intercept parameter of the Holt-Winters method - to see how the forecast gets affected as the weight changes. This week we are going to run similar tests with Beta, the trend parameter. Learn how you can use your recent sales trends to improve future forecasts.

By |2019-04-13T23:09:32-04:00February 15th, 2017|Forecasting, What-if Wednesday|0 Comments

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