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Keep your forecasting skills sharp by checking out the articles below.

Creating Accurate Forecasts When Your Demand History Includes Outliers

Preparing forecasts using data that contain one or more unusually large or small demand periods can be challenging. Depending on your forecasting approach, these “outliers” can have a significant impact on your forecasts. This article surveys three different approaches to forecasting data containing unusual demand periods, discusses the pros and cons of each and recommends when it is best to [...]

The Ins and Outs of Using Dynamic Regression Models for Forecasting

The recording of our recent educational one-hour Webinar is now available for viewing on-demand http://www.youtube.com/watch?v=fvQEdYfqXSY This session demystifies regression modeling, demonstrating how these models can provide insight into your data and why they often yield more accurate results than alternative forecasting methods. Learn: When to apply regression models How to build and diagnose the models How to use leading indicators, lagged [...]

ISF 2014: Economic Forecasting–Past, Present and Future

The 34th International Symposium on Forecasting (ISF) Rotterdam, The Netherlands June 29 – July 2, 2014 Early bird deadline: May 31, 2014 Among the many business issues to be tackled at the 34th International Symposium on Forecasting (ISF) in Rotterdam is integrating academic research into practical application. Sponsored annually by the International Institute of Forecasters (IIF), the conference is recognized [...]

Exception Reporting in Forecast Pro TRAC (Part II)

Forecast Pro TRAC provides a wide array of exception reports, including reports which monitor your archived forecasts (i.e., previously created and saved forecasts) and reports which monitor your current forecasts (i.e., the forecasts you are working with but haven’t yet finalized). Exception reports enable you to quickly find cases where key performance metrics have fallen outside of an acceptable range. [...]

Exception Reporting in Forecast Pro TRAC (Part I)

Forecast Pro TRAC provides a wide array of exception reports, including reports which monitor your archived forecasts (i.e., previously created and saved forecasts) and reports which monitor your current forecasts (i.e., the forecasts you are working on but haven’t yet finalized). Exception reports enable you to quickly find cases where your forecast error or some other performance metric has fallen outside [...]

Managing Forecasts by Exception

Human review of a statistically-generated forecast is an important step in the forecast process. Ideally, every statistical forecast should be inspected for plausibility. At times, the sheer volume of the forecasts being generated precludes exhaustive individual inspection. In these instances, exception reports are an effective tool to help you sift through the forecasts and focus on the items where human [...]

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