regression analysis

How do you use Statistical Models to Forecast Sales?

2018-02-22T09:17:36+00:00February 22nd, 2018|Categories: Forecasting Education|Tags: , , , , , |

Sales and demand forecasters have a variety of techniques at their disposal to predict the future. While most analysts will examine historical sales or other kinds of data as a guide, many forecasters rely heavily on judgment. There’s no question that judgment can (and probably should!) play a significant role in arriving at your final, [...]

Creating Accurate Forecasts When Your Demand History Includes Outliers

2014-05-28T09:11:12+00:00May 28th, 2014|Categories: Forecasting Education|Tags: , , , |

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 [...]

The Ins and Outs of Using Dynamic Regression Models for Forecasting

2014-04-28T11:29:21+00:00April 28th, 2014|Categories: Forecasting Education|Tags: , |

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 [...]

Terms Every Forecaster Should Know

2013-04-11T18:26:42+00:00April 11th, 2013|Categories: Forecasting Education|Tags: , , , , , |

Forecasting is a dynamic and interdisciplinary field that involves a multitude of people, processes and techniques. Forecasters are constantly building on their current pool of knowledge in order to improve their processes, drawing on whatever resources they can find. A forecaster’s best resource, however, is often other forecasters—but it can be difficult to share information [...]