Profit From Your Forecasting Software: A Best Practice Guide for Sales Forecasters
By Paul Goodwin
()
Currently unavailable
Currently unavailable
About this ebook
Go beyond technique to master the difficult judgement calls of forecasting
A variety of software can be used effectively to achieve accurate forecasting, but no software can replace the essential human component. You may be new to forecasting, or you may have mastered the statistical theory behind the software’s predictions, and even more advanced “power user” techniques for the software itself—but your forecasts will never reach peak accuracy unless you master the complex judgement calls that the software cannot make. Profit From Your Forecasting Software addresses the issues that arise regularly, and shows you how to make the correct decisions to get the most out of your software.
Taking a non-mathematical approach to the various forecasting models, the discussion covers common everyday decisions such as model choice, forecast adjustment, product hierarchies, safety stock levels, model fit, testing, and much more. Clear explanations help you better understand seasonal indices, smoothing coefficients, mean absolute percentage error, and r-squared, and an exploration of psychological biases provides insight into the decision to override the software’s forecast. With a focus on choice, interpretation, and judgement, this book goes beyond the technical manuals to help you truly grasp the more intangible skills that lead to better accuracy.
- Explore the advantages and disadvantages of alternative forecasting methods in different situations
- Master the interpretation and evaluation of your software’s output
- Learn the subconscious biases that could affect your judgement toward intervention
- Find expert guidance on testing, planning, and configuration to help you get the most out of your software
Relevant to sales forecasters, demand planners, and analysts across industries, Profit From Your Forecasting Software is the much sought-after “missing piece” in forecasting reference.
Paul Goodwin
Paul Goodwin is a statistician, an emeritus professor at the University of Bath, and a former adviser to government departments. He has taught courses on statistics for trades union members, art curators, surgeons, actuaries, civil servants, CEOs and sixth formers, among many others. His most recent book is Forewarned: A Sceptic's Guide to Prediction.
Read more from Paul Goodwin
Something Doesn’t Add Up: Surviving Statistics in a Number-Mad World Rating: 0 out of 5 stars0 ratingsForewarned: A Sceptic's Guide to Prediction Rating: 0 out of 5 stars0 ratings
Related to Profit From Your Forecasting Software
Titles in the series (79)
The New Know: Innovation Powered by Analytics Rating: 0 out of 5 stars0 ratingsMastering Organizational Knowledge Flow: How to Make Knowledge Sharing Work Rating: 4 out of 5 stars4/5Fair Lending Compliance: Intelligence and Implications for Credit Risk Management Rating: 0 out of 5 stars0 ratingsBusiness Intelligence Competency Centers: A Team Approach to Maximizing Competitive Advantage Rating: 4 out of 5 stars4/5Case Studies in Performance Management: A Guide from the Experts Rating: 5 out of 5 stars5/5Customer Data Integration: Reaching a Single Version of the Truth Rating: 3 out of 5 stars3/5Enterprise Risk Management: A Methodology for Achieving Strategic Objectives Rating: 0 out of 5 stars0 ratingsRetail Analytics: The Secret Weapon Rating: 2 out of 5 stars2/5The Data Asset: How Smart Companies Govern Their Data for Business Success Rating: 0 out of 5 stars0 ratingsMarketing Automation: Practical Steps to More Effective Direct Marketing Rating: 0 out of 5 stars0 ratingsPerformance Management: Integrating Strategy Execution, Methodologies, Risk, and Analytics Rating: 3 out of 5 stars3/5Bank Fraud: Using Technology to Combat Losses Rating: 0 out of 5 stars0 ratingsCIO Best Practices: Enabling Strategic Value with Information Technology Rating: 4 out of 5 stars4/5Bricks Matter: The Role of Supply Chains in Building Market-Driven Differentiation Rating: 0 out of 5 stars0 ratingsThe Visual Organization: Data Visualization, Big Data, and the Quest for Better Decisions Rating: 0 out of 5 stars0 ratingsThe Business Forecasting Deal: Exposing Myths, Eliminating Bad Practices, Providing Practical Solutions Rating: 0 out of 5 stars0 ratingsTaming The Big Data Tidal Wave: Finding Opportunities in Huge Data Streams with Advanced Analytics Rating: 4 out of 5 stars4/5Big Data, Big Innovation: Enabling Competitive Differentiation through Business Analytics Rating: 0 out of 5 stars0 ratingsThe Executive's Guide to Enterprise Social Media Strategy: How Social Networks Are Radically Transforming Your Business Rating: 0 out of 5 stars0 ratingsCredit Risk Assessment: The New Lending System for Borrowers, Lenders, and Investors Rating: 0 out of 5 stars0 ratingsCIO Best Practices: Enabling Strategic Value With Information Technology Rating: 4 out of 5 stars4/5Demand-Driven Inventory Optimization and Replenishment: Creating a More Efficient Supply Chain Rating: 0 out of 5 stars0 ratingsPredictive Business Analytics: Forward Looking Capabilities to Improve Business Performance Rating: 0 out of 5 stars0 ratingsBusiness Transformation: A Roadmap for Maximizing Organizational Insights Rating: 0 out of 5 stars0 ratingsAnalytics in a Big Data World: The Essential Guide to Data Science and its Applications Rating: 0 out of 5 stars0 ratingsDelivering Business Analytics: Practical Guidelines for Best Practice Rating: 3 out of 5 stars3/5Business Forecasting: Practical Problems and Solutions Rating: 0 out of 5 stars0 ratingsThe Value of Business Analytics: Identifying the Path to Profitability Rating: 0 out of 5 stars0 ratingsHuman Capital Analytics: How to Harness the Potential of Your Organization's Greatest Asset Rating: 0 out of 5 stars0 ratingsBranded!: How Retailers Engage Consumers with Social Media and Mobility Rating: 0 out of 5 stars0 ratings
Related ebooks
The Analytic Hospitality Executive: Implementing Data Analytics in Hotels and Casinos Rating: 0 out of 5 stars0 ratingsTransforming Healthcare Analytics: The Quest for Healthy Intelligence Rating: 0 out of 5 stars0 ratingsAnalytics in a Big Data World: The Essential Guide to Data Science and its Applications Rating: 0 out of 5 stars0 ratingsHotel Pricing in a Social World: Driving Value in the Digital Economy Rating: 0 out of 5 stars0 ratingsBusiness Forecasting: Practical Problems and Solutions Rating: 0 out of 5 stars0 ratingsCredit Risk Analytics: Measurement Techniques, Applications, and Examples in SAS Rating: 0 out of 5 stars0 ratingsThe Visual Organization: Data Visualization, Big Data, and the Quest for Better Decisions Rating: 0 out of 5 stars0 ratingsTaming The Big Data Tidal Wave: Finding Opportunities in Huge Data Streams with Advanced Analytics Rating: 4 out of 5 stars4/5Leaders and Innovators: How Data-Driven Organizations Are Winning with Analytics Rating: 1 out of 5 stars1/5Intelligent Credit Scoring: Building and Implementing Better Credit Risk Scorecards Rating: 5 out of 5 stars5/5Financial Institution Advantage and the Optimization of Information Processing Rating: 0 out of 5 stars0 ratingsBig Data, Data Mining, and Machine Learning: Value Creation for Business Leaders and Practitioners Rating: 3 out of 5 stars3/5Analytics: The Agile Way Rating: 5 out of 5 stars5/5Business Transformation: A Roadmap for Maximizing Organizational Insights Rating: 0 out of 5 stars0 ratingsA Practical Guide to Analytics for Governments: Using Big Data for Good Rating: 0 out of 5 stars0 ratingsCIO Best Practices: Enabling Strategic Value With Information Technology Rating: 4 out of 5 stars4/5Demand-Driven Forecasting: A Structured Approach to Forecasting Rating: 0 out of 5 stars0 ratingsStyle and Statistics: The Art of Retail Analytics Rating: 0 out of 5 stars0 ratingsDemand-Driven Inventory Optimization and Replenishment: Creating a More Efficient Supply Chain Rating: 0 out of 5 stars0 ratingsBig Data, Big Innovation: Enabling Competitive Differentiation through Business Analytics Rating: 0 out of 5 stars0 ratingsThe Patient Revolution: How Big Data and Analytics Are Transforming the Health Care Experience Rating: 0 out of 5 stars0 ratingsModern Big Data Architectures: A Multi-Agent Systems Perspective Rating: 0 out of 5 stars0 ratingsThe Cloud-Based Demand-Driven Supply Chain Rating: 0 out of 5 stars0 ratingsSocial Network Analysis in Telecommunications Rating: 1 out of 5 stars1/5The New Normal in IT: How the Global Pandemic Changed Information Technology Forever Rating: 0 out of 5 stars0 ratingsBank Fraud: Using Technology to Combat Losses Rating: 0 out of 5 stars0 ratingsUnderstanding the Predictive Analytics Lifecycle Rating: 5 out of 5 stars5/5Strategies in Biomedical Data Science: Driving Force for Innovation Rating: 0 out of 5 stars0 ratingsFail Fast, Learn Faster: Lessons in Data-Driven Leadership in an Age of Disruption, Big Data, and AI Rating: 4 out of 5 stars4/5Mobile Learning: A Handbook for Developers, Educators, and Learners Rating: 0 out of 5 stars0 ratings
Business For You
The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Emotional Intelligence: Exploring the Most Powerful Intelligence Ever Discovered Rating: 5 out of 5 stars5/5The Book of Beautiful Questions: The Powerful Questions That Will Help You Decide, Create, Connect, and Lead Rating: 4 out of 5 stars4/5Your Next Five Moves: Master the Art of Business Strategy Rating: 5 out of 5 stars5/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5Becoming Bulletproof: Protect Yourself, Read People, Influence Situations, and Live Fearlessly Rating: 4 out of 5 stars4/5Robert's Rules Of Order Rating: 5 out of 5 stars5/5Financial Words You Should Know: Over 1,000 Essential Investment, Accounting, Real Estate, and Tax Words Rating: 4 out of 5 stars4/5Grant Writing For Dummies Rating: 5 out of 5 stars5/5Lying Rating: 4 out of 5 stars4/5Collaborating with the Enemy: How to Work with People You Don’t Agree with or Like or Trust Rating: 4 out of 5 stars4/5How to Get Ideas Rating: 5 out of 5 stars5/5Tools Of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers Rating: 4 out of 5 stars4/5Confessions of an Economic Hit Man, 3rd Edition Rating: 5 out of 5 stars5/5Crucial Conversations: Tools for Talking When Stakes are High, Third Edition Rating: 4 out of 5 stars4/5Crucial Conversations Tools for Talking When Stakes Are High, Second Edition Rating: 4 out of 5 stars4/5Good to Great: Why Some Companies Make the Leap...And Others Don't Rating: 4 out of 5 stars4/5Robert's Rules of Order: The Original Manual for Assembly Rules, Business Etiquette, and Conduct Rating: 4 out of 5 stars4/5Ask for More: 10 Questions to Negotiate Anything Rating: 4 out of 5 stars4/5High Conflict: Why We Get Trapped and How We Get Out Rating: 4 out of 5 stars4/5Law of Connection: Lesson 10 from The 21 Irrefutable Laws of Leadership Rating: 4 out of 5 stars4/5Just Listen: Discover the Secret to Getting Through to Absolutely Anyone Rating: 4 out of 5 stars4/5The Catalyst: How to Change Anyone's Mind Rating: 4 out of 5 stars4/5Summary of J.L. Collins's The Simple Path to Wealth Rating: 5 out of 5 stars5/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5Summary of Eve Rodsky's Fair Play Rating: 2 out of 5 stars2/5
Reviews for Profit From Your Forecasting Software
0 ratings0 reviews