It is harder to create accurate weekly or daily forecasts than accurate monthly forecasts, but if this is what your business requires there is no need to panic. There are a number of practical approaches— including some that tend to be overlooked—that your team can adopt to improve your weekly or daily forecasts. In this educational one-hour live Webinar, Eric Stellwagen, CEO, and Sarah Darin, Senior Consultant at Business Forecast Systems, Inc. will address several issues that arise when working with weekly and daily data. Through case studies illustrated with real data, you will learn practical approaches for:
- defining the calendar
- accommodating Week 53
- correcting for the number working days
- tracking holiday
- forecasting multiple cycles (e.g., day of week and week of year)
- converting between different periodicities
Eric will also demonstrate Seasonal Simplification, an innovative methodology which can substantially improve forecast accuracy when you are forecasting data with more than 12 observations per year.
To register for this webinar, complete the form at this link here.