Forecasting sales and forecasting uncertainty
There are a large number of methods used for forecasting ranging from judgmental thru expert systems and time series to causal methods.
There are a large number of methods used for forecasting ranging from judgmental thru expert systems and time series to causal methods.
This is a question we often hear and the simple answer is that we don’t! But by using our methods and models we can use your knowledge in such a way that it can be systematically measured and accumulated throughout the business and be presented in easy to understand graphs to the management and board. […]
Imagine you’re nicely settled down in your airline seat on a transatlantic flight – comfort-able, with a great feeling. Then the captain comes on and welcomes everybody on board and continues, “It’s the first time I fly this type of machine, so wish me luck!” Still feeling great?1 Running a company in today’s interconnected and […]
Let’s say that you are considering new investment opportunities for your company and that the sales department has guesstimated that the market for one of your products will most likely grow by ….
In the following we will illustrate some of the risks the bioethanol producer is facing using corn as feedstock. However, these risks will persist regardless of the feedstock and production process chosen.
Don’t worry about the average, worry about how large the variations are, how frequent they occur and why they exists.