When things are going wrong in a supply chain, the first reaction is all too often “if we could forecast demand better, most of our problems would go away.” Actually, this is often not the main cause ...

Forecasting is described as the practice of creating statements that anticipate future information. You should not confuse forecasting with budgeting, which uses future information to create a plan to ...

Amid economic uncertainty, forecasting matters more than ever. Businesses often treat sales leaders’ forecasts like a North Star. Forecasts are the basis for strategic decisions, resource allocation, ...

Any good business will have a system of sales forecasting as part of its critical management strategy. But most sales forecasts are, by nature, inexact. The trick, experts say, is to know in which ...

Update: On July 30, NOAA said the decision was reversed and it will continue receiving the satellite data. Read more here. Our earlier story is below. A satellite program that has historically been a ...

Job forecasters, such as those who work for the U.S. Bureau of Labor Statistics, examine data to predict future employment trends. Businesses go through cycles of upward and downward trends and are ...

FORECAST.ETS applies an exponential triple smoothing (ETS) algorithm to create forecasts that can include trend and seasonal ...

Time series forecasts are used to predict a future value or a classification at a particular point in time. Here’s a brief overview of their common uses and how they are developed. Industries from ...