Title Forecasting Fundamentals

Published New York : Business Expert Press, 2015

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Description 1 online resource (138 pages) Series Supply and operations management collection, 2156-8200 Supply and operations management collection. 2156-8200 Contents Cover; Contents; Section I: Forecasting Basics; Chapter 1: Forecasting in Business; Chapter 2: The Forecasting Process; Section II: Measuring Forecast Accuracy; Chapter 3: Forecast Accuracy Measures; Section III: Basics of Forecasting Methods; Chapter 4: Categories of Forecasting Methods; Chapter 5: Judgmental Forecasting Models; Chapter 6: Statistical Forecasting Models; Section IV: Forecasting in the Business Environment; Chapter 7: Technology in Forecasting; Chapter 8: Managing the Forecasting Process; Notes; References; Index; Adpage; Backcover Summary This book is for everyone who wants to make better forecasts. This book is not about mathematics and statistics. It is about following a well-established forecasting process to create and implement good forecasts. This is true whether you are forecasting global markets, product demand, competitive strategy, or market disruptions. Today, most forecasts are generated using software. However, no amount of technology and statistics can compensate for a poor forecasting process. Forecasting is not just about generating a number. Forecasters need to understand the problems they are trying to solve. They also need to follow a process that is justifiable to other parties and be implemented in practice. This is what this book is about. Business leaders know that accurate forecasting is a critical organizational capability. Forecasting is predicting the future, and the list of what needs to be predicted to run a world-class organization is endless. Forecasting goes well beyond simply predicting demand or sales. Accurate forecasts are essential for identifying new market opportunities, forecasting risks, events, supply chain disruptions, innovation, competition, market growth, and trends. It also includes the ability to conduct "what-if " analysis to understand the tradeoff implications of decisions. Companies can navigate this daunting landscape and improve their forecasts by following some well-established principles and bearing in mind certain caveats to conventional wisdom. This book is written to provide the fundamentals business leaders need in order to make good forecasts. These fundamentals hold true regardless of what is being forecast and what technology is being used. This book provides the basic foundational principles all companies need to achieve competitive forecast accuracy Analysis causal methods collaborative forecasting forecasting forecast accuracy measures forecasting analysis forecasting in business forecasting methods forecasting process forecasting technology judgmental forecasting time-series forecasting Bibliography Includes bibliographical references (page 121) and index Notes Print version record Subject Business forecasting Business forecasting Form Electronic book ISBN 9781606498712 1606498711 1606498703 9781606498705

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