Fundamental Forecasting Pains

Part of the Platform Imperative Webcast Series

Forecasting is a fundamental business task, yet few organizations perform it efficiently. New techniques for the large-scale automation of statistically based forecasts improve process efficiency. However, in many cases, it is still necessary to incorporate human judgment. How can you determine when human intervention in the forecast is appropriate?

Join Mike Gilliland, Forecasting Product Manager for SAS, to learn more about the basic methods for measuring the elements of demand variation and for viewing the relationship between volatility and forecast accuracy. During this on-demand Webcast, he discusses the:

  • Implications of judgment in forecasting.
  • Perils of benchmarking.
  • Use of the naive forecast.
  • Operational definition of demand.

Gilliland is joined by Brenda Wolfe, Product Manager at SAS, who will demonstrate the ways in which SAS Forecast Server incorporates advanced and automated forecasting capabilities under a wizard-based GUI.

You'll walk away with a sound knowledge of forecasting's fundamental issues, along with a critical eye for what really works, as well as the practical tools that are needed to streamline and improve forecasting performance within your organization.

If you have any questions, please contact Natasha George at Natasha.George@sas.com or (919) 531-0493.