Is Your Forecast Biased Much?

Recently, someone forwarded a Live Science web link to me. The web page had information on how human brains are able to read words and make sense of them even when the letters are jumbled up. The website suggested that it was possible for a human brain to make sense of the words as long

By |2024-02-21T14:22:22-05:00April 1st, 2015|Demand Planning, Forecasting|

5 Steps to a Better Statistical Forecast

Developing an accurate as possible forecast is very important in running a business. Demand planners spend countless hours trying to create a better forecast so that they can help their company be more efficient. A key ingredient in the creation of the final forecast is the forecast generated by a computer program, which is based in statistics. In this

By |2024-02-21T14:22:52-05:00February 6th, 2015|Demand Planning, Forecasting|

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