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There is no such thing as the perfect forecast. But you can achieve better accuracy and forecasting process efficiency by understanding the nature of your demand patterns and where your forecasting process is adding value – or not. This white paper (based on a webinar in the Applying Business Analytics series), examines how Forecast Value Added (FVA) analysis is being used at major corporations to identify and eliminate waste in the forecasting process, reduce costs and achieve the best forecast possible, given the nature of the patterns or behaviors being forecast.
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