Automatic Forecasting for Time Series Demand Projections

The Smart Forecaster

 Pursuing best practices in demand planning,

forecasting and inventory optimization

Improve Forecast Accuracy, Eliminate Excess Inventory, & Maximize Service Levels

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. Automatic forecasts of large numbers of time series are frequently used in business, some have trend either up or down, and some have seasonality so they are cyclic, and each of those specific patterns requires a suitable technical approach, and an appropriate statistical forecasting method.  Tom explains how the tournament computes the best forecasts methods and works through a practical example.

AUTOMATIC FORECASTING COMPLETE-VIDEO-2
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Top Five Tips for New Demand Planners and Forecasters

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    Forecast Using Leading Indicators – Regression Analysis:

    The Smart Forecaster

     Pursuing best practices in demand planning,

    forecasting and inventory optimization

    Improve Forecast Accuracy, Eliminate Excess Inventory, & Maximize Service Levels

    In this video tutorial Dr. Thomas Willemain, co–Founder and SVP Research at Smart Software, presents Regression Analysis, a specialized statistical modeling technique to identify and harness leading indicators to achieve more accurate forecasts.  Regression analysis is a statistical procedure to estimate the relationship between a response variable and one or more predictor variables. Housing starts, for example, might be a good leading indicator of vinyl siding demand.  Tom explains how and when to use regression analysis and works through a practical example.

    Forecasting Techniques for a more profitable business
    Leave a Comment

    RECENT POSTS

    Top Five Tips for New Demand Planners and Forecasters

    Top Five Tips for New Demand Planners and Forecasters

    Good forecasting can make a big difference to your company’s performance, whether you are forecasting to support sales, marketing, production, inventory, or finance. This blog is aimed primarily at those fortunate individuals who are about to start this adventure. Welcome to the field!

    Recent Posts

    • Top Five Tips for New Demand Planners and ForecastersTop Five Tips for New Demand Planners and Forecasters
      Good forecasting can make a big difference to your company’s performance, whether you are forecasting to support sales, marketing, production, inventory, or finance. This blog is aimed primarily at those fortunate individuals who are about to start this adventure. Welcome to the field! […]
    • Dynamics Community Summit eventSmart Software to Present at Community Summit North America
      Smart Software's Channel Sales Director and Enterprise Solution Engineer, to present three sessions at this year’s Microsoft Dynamics Community Summit North America event in Orlando, FL. . […]

      Forecasting Techniques for a more profitable business

      The Smart Forecaster

       Pursuing best practices in demand planning,

      forecasting and inventory optimization

      Improve Forecast Accuracy, Eliminate Excess Inventory, & Maximize Service Levels

       

      In this Video Dr. Thomas Willemain, co–Founder and SVP Research, defines and compares the most useful Forecasting Techniques: Exponential Smoothing, Single Exponential Smoothing, Holt’s Method and Winter’s Method.  These videos explain the basic thinking under each technique as well as the math behind them, how they are used in practice and the tradeoff of each method.

      Forecasting Techniques for a more profitable business
      Leave a Comment

      RECENT POSTS

      Top Five Tips for New Demand Planners and Forecasters

      Top Five Tips for New Demand Planners and Forecasters

      Good forecasting can make a big difference to your company’s performance, whether you are forecasting to support sales, marketing, production, inventory, or finance. This blog is aimed primarily at those fortunate individuals who are about to start this adventure. Welcome to the field!

      Recent Posts

      • Top Five Tips for New Demand Planners and ForecastersTop Five Tips for New Demand Planners and Forecasters
        Good forecasting can make a big difference to your company’s performance, whether you are forecasting to support sales, marketing, production, inventory, or finance. This blog is aimed primarily at those fortunate individuals who are about to start this adventure. Welcome to the field! […]
      • Dynamics Community Summit eventSmart Software to Present at Community Summit North America
        Smart Software's Channel Sales Director and Enterprise Solution Engineer, to present three sessions at this year’s Microsoft Dynamics Community Summit North America event in Orlando, FL. . […]

        TOP 3 COMMON INVENTORY POLICIES

        The Smart Forecaster

         Pursuing best practices in demand planning,

        forecasting and inventory optimization

        Inventory control policies and strategies for a more profitable business

        In this Video Dr. Thomas Willemain, co–Founder and SVP Research, defines and compares the three most used inventory control policies. These policies are divided into two groups, periodic review and continuous review. There is also a fourth policy called MRP logic or forecast based inventory planning which is the subject of a separate video blog that you can see here. These videos explain each policy, how they are used in practice and the pros and cons of each approach.

        Leave a Comment

        RECENT POSTS

        Top Five Tips for New Demand Planners and Forecasters

        Top Five Tips for New Demand Planners and Forecasters

        Good forecasting can make a big difference to your company’s performance, whether you are forecasting to support sales, marketing, production, inventory, or finance. This blog is aimed primarily at those fortunate individuals who are about to start this adventure. Welcome to the field!

        Recent Posts

        • Top Five Tips for New Demand Planners and ForecastersTop Five Tips for New Demand Planners and Forecasters
          Good forecasting can make a big difference to your company’s performance, whether you are forecasting to support sales, marketing, production, inventory, or finance. This blog is aimed primarily at those fortunate individuals who are about to start this adventure. Welcome to the field! […]
        • Dynamics Community Summit eventSmart Software to Present at Community Summit North America
          Smart Software's Channel Sales Director and Enterprise Solution Engineer, to present three sessions at this year’s Microsoft Dynamics Community Summit North America event in Orlando, FL. . […]