time series

How do I use Statistical Models to Forecast Sales?

2020-08-25T09:42:54+00:00July 22nd, 2020|Categories: Forecasting Education|Tags: , , , , , |

There’s no question that judgment can (and probably should!) play a significant role in arriving at your final, consensus forecast–but statistical forecasting can offer a level of automation and insight that can substantially improve your forecast accuracy.

What are Time Series Methods and When Should I Use Them?

2015-08-17T12:27:18+00:00August 17th, 2015|Categories: Forecasting Education|Tags: |

Time series methods are forecasting techniques that base the forecast solely on the demand history of the item you are forecasting. They work by capturing patterns in the historical data and extrapolating those patterns into the future. Time series methods are appropriate when you can assume a reasonable amount of continuity between the past and [...]

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 [...]