Excellence in Forecasting Blog
Optimize Inventory planning parameters,improve service levels and increase revenue
In this video, Dr. Thomas Willemain, co-Founder and SVP Research, talks about improving Forecast Accuracy by Managing Error. This video is the first in our series on effective methods to Improve Forecast Accuracy. We begin by looking at how forecast error causes pain and the consequential cost related to it. Then we will explain the three most common mistakes to avoid that can help us increase revenue and prevent excess inventory.
If you keep up with the news about supply chain analytics, you are more frequently encountering the phrase “probabilistic forecasting.” Probabilistic forecasts have the ability to simulate future values that aren’t anchored to the past. If this phrase is puzzling, read on.
In this video tutorial Dr. Thomas Willemain, co–Founder and SVP Research at Smart Software, presents Automatic Forecasting for Time Series Demand Projections, a specialized algorithmic tournament to determine an appropriate time series model and estimate the parameters to compute the best forecasts methods.
In this Video Tutorials Dr. Thomas Willemain, co–Founder and SVP Research, presents Regression Analysis, a specialized statistical modeling technique to improve the accuracy of the forecasts. These videos explain with examples how to use Regression Analysis and the various scenarios where this technique makes a good choice.