In these whitepapers, we explore common challenges to forecasting
Just having a readily-produced market report on hand isn’t sufficient for getting a clear picture of the direction your business is heading towards. In this free guide, we dive into what to consider if you're currently utilizing market forecasts in your process, and how to evaluate your forecast performance.
While both planning and forecasting software are valuable, planning tools typically only place emphasis on optimizing certain aspects of the business, such as inventory levels, capacity. However, they do not take market- and macroeconomic factors into consideration.
We break down what you should consider.
When considering the adoption of a forecasting platform, many organizations weigh the options of building a custom solution in-house versus purchasing a ready-made platform.
Before you embark on that, consider these points.
Here’s a breakdown of why time-series models might not be enough and how to gain a competitive edge by incorporating multivariate models.
We cover some of the common forecast biases that drive inaccurate forecasts, and how to avoid the influence of bias.
We evaluate the variable selection methodologies and its capabilities.
We address capturing the value of internal data, the importance of selecting the relevant leading indicators, and its impact on your strategic and tactical planning.
Explore the common mistakes and fallacies in forecasting, and why Excel can only get you this far.
Using multiple forecasting models, model averaging, and monitoring performance can optimize forecast accuracy and decision-making.