Following is editor-in-chief Len Tashman's preview of the Winter 2020 issue of Foresight: The International Journal of Applied Forecasting. Preview of Foresight (Winter 2020) This Winter 2020 issue of Foresight—number 56 since the journal began in 2005—formally introduces a new section: Integrated Business Planning (IBP), the meaning of which is evolving [...]

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The International Journal of Forecasting has published its 2020-Q1 issue, guest edited by Spyros Makridakis and Fotios Petropoulos, and dedicated entirely to results and commentary on the M4 Forecasting Competition. This issue should be of great interest and value to business forecasting practitioners, and you get online access to it [...]

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With 2018's M4 Forecasting Competition behind us (although analysis, interpretation, and debate continue), the new M5 Competition starts March 2. Running through June 30, M5 is utilizing actual data provided by Walmart. It will be implemented using Kaggle's Platform, with $100,000 in prize money. Forecasting practitioners are encouraged to participate, [...]

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What if you suspect something is wrong with your forecasting process? What if the process is consuming too much time and too many resources, while still delivering unsatisfactory results (lousy forecasts). What can you do about it? This post looks at the first two steps to effecting meaningful forecasting process [...]

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Two weeks ago we looked at the first two steps in effecting forecasting process change: Justify your suspicions with data Communicate your findings That was the easy part. So why is it that so many organization realize they have a forecasting problem, yet are unable to do anything about it? [...]

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Fildes and Goodwin (F&G) observed the subject (the regional subsidiary of a pharmaceutical company) was using a statistical forecasting system, but not fully trusting its output. Forecasters were making overrides to the system generated forecast to make it look like what they believed it should (e.g., following a life-cycle curve [...]

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Forecasting During Chaos The Institute of Business Forecasting has produced an 80-minute virtual town hall on "Forecasting & Planning During the Chaos of a Global Pandemic." The on-demand video recording is available now and well worth a look. There is much solid practical guidance from an experienced panel: Eric Wilson, [...]

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Following is editor-in-chief Len Tashman's preview of the Spring 2020 issue of Foresight: The International Journal of Applied Forecasting. Preview of Foresight (Spring 2020) This Spring 2020 issue of Foresight—number 57 since the journal began in 2005— leads off with Associate Editor Mike Gilliland’s discussion of The M4 Forecasting Competition: [...]

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Forecasting is a daunting task during normal conditions, and even more so during a disruption. But in times of greatest stress our smartest and most creative people stand out, and our true leaders emerge. You'll find these kinds of leaders among my colleagues at SAS -- smart and creative people [...]

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In recent posts (March 26, April 21) we've looked at forecasting in the face of chaos and disruption. We've seen that traditional time series forecasting methods (used during "normal" times) can be creatively augmented with additional methods like clustering, similarity analysis, epidemiologic models, and simulation. While it is unreasonable to [...]

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Rajasthan Tourism Development Corporation (RTDC) has announced changes in the running of the luxury train Royal Rajasthan on Wheels. The changes include alteration in scheduled departures of the rail journeys undertaken by this cruise train and the booking and cancellation policies for this rail...

New schedule and policies related to booking and cancellation for Royal Rajasthan on Wheels, the brainchild of Rajasthan Tourism Development Corporation (RTDC) and Indian Railways, has been announced by the RTDC. These revisions will be implemented for the journeys of this luxury train beginning...

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