Forecasting news and blogs

How forecasting undermines the need for zero hour contracts 21/11/14

How forecasting undermines the need for zero hour contracts

Robert Fildes, writing in The Conversation, asks whether employers really need to rely on using zero hour contracts to manage large numbers of staff.

The importance of being state-of-the-art in forecasting 02/10/14

The importance of being state-of-the-art in forecasting

Investing in your forecasting adds value to more ways than just more accurate forecasts. Being critical for decision making, forecasting can become a competitive strategic advantage.

Improving forecast quality in practice 19/09/14

Improving forecast quality in practice

By Robert Fildes Some academics in forecasting seem to think that all that is needed to improve forecasting is a better algorithm, or perhaps, more ambitiously, better data. Presenting on this topic at the recent Forecasting Centre workshop provoked me to examine what research was out there that got beyond the conventional wisdom as to how to improve accuracy. 

Improving forecast quality in practice: results of a workshop 22/06/14

Improving forecast quality in practice: results of a workshop

The Lancaster Centre for Forecasting organised another successful workshop on "Improving forecast quality in practice" held on 12 June 2014 at the Senate House of University of London, and free to attend for all practitioners and academics in forecasting and demand planning. 

Improving and reconciling your forecasts using temporal aggregation 22/06/14

Improving and reconciling your forecasts using temporal aggregation

In most business forecasting applications, the problem usually directs the granularity of the data that we use for forecasting.

Forecasting call arrivals at a call centre 22/06/14

Forecasting call arrivals at a call centre

Call and service centres are an essential resource of today’s businesses, from sales and financial services to emergency response.