Business Forecasting: Practical Problems and Solutions (Wiley and SAS Business Series)

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9781119224563: Business Forecasting: Practical Problems and Solutions (Wiley and SAS Business Series)
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A comprehensive collection of the field's most provocative, influential new work Business Forecasting compiles some of the field's important and influential literature into a single, comprehensive reference for forecast modeling and process improvement. It is packed with provocative ideas from forecasting researchers and practitioners, on topics including accuracy metrics, benchmarking, modeling of problem data, and overcoming dysfunctional behaviors. Its coverage includes often-overlooked issues at the forefront of research, such as uncertainty, randomness, and forecastability, as well as emerging areas like data mining for forecasting. The articles present critical analysis of current practices and consideration of new ideas. With a mix of formal, rigorous pieces and brief introductory chapters, the book provides practitioners with a comprehensive examination of the current state of the business forecasting field. Forecasting performance is ultimately limited by the 'forecastability' of the data. Yet failing to recognize this, many organizations continue to squander resources pursuing unachievable levels of accuracy. This book provides a wealth of ideas for improving all aspects of the process, including the avoidance of wasted efforts that fail to improve (or even harm) forecast accuracy. * Analyzes the most prominent issues in business forecasting * Investigates emerging approaches and new methods of analysis * Combines forecasts to improve accuracy * Utilizes Forecast Value Added to identify process inefficiency The business environment is evolving, and forecasting methods must evolve alongside it. This compilation delivers an array of new tools and research that can enable more efficient processes and more accurate results. Business Forecasting provides an expert's-eye view of the field's latest developments to help you achieve your desired business outcomes.



"This book is the survivor's guide for business forecasters. It covers a wide range of need-to-know topics from 'what is demand' to 'why should I trust your forecast.'"
--Scott Roy, Collaboration Planning Manager, Wells Enterprises Inc.

"This is a tremendous compilation from some of the best forecasting analytics and business minds of today. A reference that should be on the shelf of anyone whose job is to develop forecasts."
--Jim Ferris, Director of Supply Chain Analytics, Clarkston Consulting

"Finally, a book tailored to business forecasting that is comprehensive for everything from data gathering to the art and politics of explaining why we are wrong!"
--Eric Wilson, Director, Demand Planning and S&OP, Tempur Sealy International

"In spite of my many years in forecasting and planning, the reading was so captivating that I could not stop before it was over. Absolutely a 'must-read' for every person working in business forecasting."
--Igor Gusakov, Consulting Director, Goodsforecast

"This book is a wonderful compendium of demand planning and S&OP insights drawn from some of the best minds and practitioners in the industry."
--Patrick Bower, Senior Director, Global Supply Chain Planning & Customer Service, Combe Incorporated

"The editors do an excellent job of introducing a broad set of topics critical for deploying and maintaining a successful forecasting process within an organization."
--Sam Iosevich, Managing Principal, Prognos

"I would definitely recommend this reader as a key resource for those looking to learn more or to have knowledge at their fingertips for that moment when they need a refresher."
--Curtis Brewer, Forecasting Manager, Bayer CropScience

"This terrific compilation of writings--from virtually all of the big names in the forecasting community--proves that innovation in forecasting is vibrant."
--Rob Stevens, Vice President, First Analytics

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