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I am gratified to see the continuing adoption of Forecast Value Added by organizations worldwide. FVA is an easy to understand and easy to apply approach for identifying bad practices in your forecasting process. And I'm particularly gratified to see coverage of FVA in two new books, which the authors [...]

The post Vandeput's Data Science for Supply Chain Forecasting (book excerpt) appeared first on The Business Forecasting Deal.

International Symposium on Forecasting (virtual, June 27 - July 2) The 41st International Symposium on Forecasting will be virtual again this year, and begins Sunday June 27. SAS will have a huge presence -- as event sponsor, sponsor of the IIF/SAS Research Grants, and with 19 individual presentations. ISF registration [...]

The post 19 reasons to attend ISF 2021 (virtual - starting June 27) appeared first on The Business Forecasting Deal.

Following is Editor Len Tashman's preview of the new issue of Foresight: The International Journal of Applied Forecasting.  Preview of Foresight #62 (2021:Q3) This 62nd issue of Foresight has been heavily “infected” by the COVID pandemic. Stephan Kolassa’s book review of Resurrecting Retail by Doug Stephens raises the question of whether the [...]

The post Preview of Foresight #62 (2021-Q3) appeared first on The Business Forecasting Deal.

What makes something easy (or difficult) to forecast? This question was answered by Prof. Rob Hyndman on the Forecasting Impact podcast (February 6, 2021), and it's worth a look at his response. Rob was recently named a Fellow of the International Institute of Forecasters, and is someone who is known [...]

The post Hyndman's 5 Conditions for Easy Forecasting appeared first on The Business Forecasting Deal.

The International Institute of Forecasters and SAS® are funding two $10,000 grants to support research on forecasting. Per the announcement: For the eighteenth year, the IIF, in collaboration with SAS®, is proud to announce financial support for research on improving forecasting methods and business forecasting practice. The award for this year will be [...]

The post SAS/IIF Research Grants (proposals due October 1) appeared first on The Business Forecasting Deal.

M6 Financial Forecasting Competition The Makridakis Open Forecasting Center has announced the M6 Financial Forecasting Competition, to begin in February 2022. This will be a "live" competition running through February 2023, with a focus on forecasts of stock price (returns) and risk, and on investment decisions based on the forecasts. [...]

The post M6 Financial Forecasting Competition announced appeared first on The Business Forecasting Deal.

Following is editor Len Tashman's preview of the 2021-Q4 issue of Foresight: The International Journal of Applied Forecasting. Preview of Foresight #63 (2021-Q4) FORESIGHT HALL OF FAME Adopting the idea from other journals that recognize outstanding contributions to the field through best paper awards, we are pleased to announce that [...]

The post Preview of Foresight #63 (2021-Q4) appeared first on The Business Forecasting Deal.

I've never been much of a fan of forecasting approaches to intermittent demand. In situations like intermittent demand (or other areas where we have little hope of reasonably accurate forecasts), my thinking is "why bother?" If we can't expect to solve the problem with forecasting, we need a different approach. [...]

The post Intermittent Demand Forecasting (new book by Boylan and Syntetos) appeared first on The Business Forecasting Deal.

It has been my great pleasure writing this blog for the past 12 years, with over 370 posts. In doing so, I have enjoyed the support of my exceptional SAS managers over this time: From Anne Milley and Renee Nocker way back when it started, to Susan Kahler and David [...]

The post The last of the BFD appeared first on The Business Forecasting Deal.

In practice, there is no need to remember textbook formulas for the ANOVA test because all modern statistical software will perform the test for you. In SAS, the ANOVA procedure is designed to handle balanced designs (the same number of observations in each group) whereas the GLM procedure can handle [...]

The post Programming the formulas for an ANOVA in SAS appeared first on The DO Loop.

In SAS, the INPUT and PUT functions are powerful functions that enable you to convert data from character type to numeric type and vice versa. They work by applying SAS formats or informats to data. You cannot fully understand the INPUT and PUT functions without understanding formats and informats in [...]

The post Understand the PUT and INPUT functions in SAS appeared first on The DO Loop.

The INPUT function and PUT function in SAS are used to apply informats and formats (respectively) to data. For both functions, you must know in advance which informat or format you want to apply. For brevity, let's consider only applying a format. To use the PUT function, you must know [...]

The post Run-time variations of the INPUT and PUT functions in SAS appeared first on The DO Loop.

A common way to visualize the sample correlations between many numeric variables is to display a heat map that shows the Pearson correlation for each pair of variables, as shown in the image to the right. The correlation is a number in the range [-1, 1], where -1 indicated perfect [...]

The post The correlogram: Visualize correlations by fitting angles appeared first on The DO Loop.

In SAS, range attribute maps enable you to specify the range of values that determine the colors used for graphical elements. There are various examples that use the GTL to define a range attribute map, but fewer examples that show how to use a range attribute map with PROC SGPLOT. [...]

The post Automate the creation of a range attribute map in SAS appeared first on The DO Loop.

A previous article shows a simulation of two different models of a foraging animal. The first model is a random walk, which assumes that the animal chooses a random direction, then takes a step that is distributed according to a Gaussian random variable. In the second model, the animal again [...]

The post Levy flight and vectorizing a simulation in SAS appeared first on The DO Loop.

Digital channels open the door to synthetic identity fraud. Luckily, artificial (AI, that is) can defeat synthetic.

The post Synthetic identity fraud: What you can’t see can hurt you appeared first on The Data Roundtable.

The evolution of service is simplicity and clarity. Build for the digital future of service today.

The post Building for the digital future of service appeared first on The Data Roundtable.

Some businesses overlook alternative data. That's probably a mistake.

The post Alternative data may feel risky: Here's why it's not appeared first on The Data Roundtable.

Having the right data analytics platform can help law enforcement solve crimes faster.

The post 5 technology considerations for law enforcement appeared first on The Data Roundtable.

A man has been arrested here in connection with the murder of a 50-year-old beautician in Rajasthan's Jodhpur whose body was chopped and buried in a pit by the accused, an official has said.

One person was killed and two others were injured when three men on a motorcycle opened fire on three friends returning home on a scooter last night in the Kabir Nagar area of North East Delhi.

A Delhi government report has attributed nearly 24 per cent of the total about 89,000 deaths registered in the national capital in 2023 to infectious and parasitic diseases like cholera, diarrhoea, tuberculosis and hepatitis B, among others.

A man climbed an electric tower in Uttar Pradesh's Noida Sector 76 on Sunday afternoon. After nearly two hours, he was brought down by the police and fire department officials.

In a horrifying incident at a fair in Kannauj, Uttar Pradesh, a teenage girl's hair became entangled in the roller of a swing, resulting in her entire scalp being ripped out.

A Bengaluru couple found themselves in legal trouble after they posted videos of their balcony garden on Facebook. The posts included images of plants later identified as ganja.

A body of a man has been found in a plastic bag in seven pieces on Mumbai's Gorai beach, the police said today.

Police on Monday arrested Manisha, wife of jailed gangster Kaushal Chaudhary, for allegedly trying to extort Rs 2 crores from a hotel owner, officials said.

A man was arrested in Noida on Monday for allegedly fabricating a Transfer Certificate (TC) for his son to show that he was a juvenile when he was arrested in a rape and murder case in 2016, police said.

BJP MP from South Delhi Ramvir Singh Bidhuri on Tuesday inaugurated a newly constructed stretch of a 12-lane national highway connecting Mithapur Chowk to the Mumbai-Baroda highway in the Badarpur area.

A suspended teacher from the PSBB (Padma Seshadri Bala Bhavan) School in Chennai has been sentenced to two years of rigorous imprisonment for sexually harassing female students.

Born in a poor village, Algerian boxer Imane Khelif has overcome numerous obstacles throughout her life to win a controversial Paris Olympics gold on Friday.

Sitaram Yechury, the fifth general secretary of the CPM, died on September 12, 2024, after a prolonged illness. He was admitted for days at Delhi's All-India Institute of Medical Sciences after he had contracted a lung infection.

Backed by Iran and hated by Israel, Hezbollah chief Hassan Nasrallah is Lebanon's most powerful man. He enjoys cult status among his Shiite supporters and holds sway over the country's institutions.

Ratan Naval Tata, the business titan and global icon who led the Tata behemoth from thirty countries to over a hundred since becoming chairman in 1991, died today at Mumbai's Breach Candy Hospital. He was 86.

Founded in 1868, Tatas have become one of largest and most diverse global conglomerates. It is a name heard in almost every home in India and tens of millions overseas.

Liam Payne, who rose to fame as a member of the boy band One Direction has died at the age of 31. The British singer fell to his death from the third-floor balcony of Hotel CasaSur Palermo in Buenos Aires, Argentina.

The Israel Defense Forces (IDF) and the Israel Security Agency have jointly confirmed that Hamas leader Yahya Sinwar was killed in the Gaza Strip by Israeli soldiers on Wednesday.

Think of social media, and the first name that almost immediately comes to mind is Mark Zuckerberg.

Kamala Devi Harris was born on October 20, 1964, in Oakland, California, to immigrant parents.

A look at how American leadership has evolved through major historical events and societal changes over the past century

Your sweet tooth could depend on your ability to digest sugar  BBC Science FocusView Full coverage on Google News

1. Nasa Alert: Massive 'God of Chaos' asteroid Apophis nears earth in closest pass yet  CNBCTV18
2. NASA alert! 'God of Chaos' asteroid approaching Earth on November 13 sparks worldwide concern  The Times of India
3. Giant Meteorite To Hit Earth On November 13? What We Know  News18
4. 'Astonishingly close': A colossal space rock could wreak havoc on Earth in 2029  Business Today
5. Giant 'God of Darkness' Asteroid May Not Escape Earth Unscathed  ScienceAlert

1. 9 Surprising Facts About Voyager 2’s Uranus Flyby  Moneycontrol
2. Potential For Life Found On Uranus' Moons, Scientists Reveal  NDTV
3. The anomalous state of Uranus’s magnetosphere during the Voyager 2 flyby  Nature.com
4. Voyager-2 visited Uranus in 1986. Something more happened when it arrived  India Today
5. Uranus and its moons may have ideal conditions for life—but Voyager 2 missed it due to one bad day  The Economic Times