With the Great Recession that erupted in 2007, the economic forecasting profession’s reputation suffered a serious blow. It may experience further credibility problems as the aftershocks of the worst economic and financial crisis since the 1930s undermine the hopeful forecasts of a self-sustained recovery.
A new approach used to analyse annual variations, may be important in systems where ecological forecasts are needed in the face of long-term changes resulting from climate change, biological invasion or other phenomena.
Mannington Mills, an American manufacturing pioneer with a nearly hundred-year history producing commercial and residential flooring, has chosen Demand Foresight software to optimize its supply chain management and forecasting capabilities.
Foresight published a new e-publication on Forecast Accuracy Measurement: Pitfalls to Avoid and Practices to Adopt. It is now available for sales at the Foresight Document Store.
The Foresight journal is respected among forecasting professionals for its concise, objective, readable articles on best forecasting practices, methods, and tools. The Fall 2010 issue will be available soon this month.
The Business Forecasting Deal by Michael Gilliland describes how to improve forecasting-process efficiency and effectiveness. Using forecast value added (FVA) analysis, Gilliland's unique perspective helps organizations improve performance by eliminating “worst practices” that sabotage and confound forecasting efforts.
After a 16-year effort, Scott Armstrong’s book, Persuasive Advertising, is now available from Palgrave Macmillan, with a U.S. shipping date of July 20. It presents 194 evidence-based principles. These principles enable advertisers to predict the effectiveness of their ads by using the AdPrinAudit.
Involved with forecasting? Here is a book designed to help readers with the tools to analyze their data, develop forecasting models and present the results in Excel.
As businesses continue to search for better ways to thrive in a volatile economic climate, the IBF offers guidance with a special issue of the Journal of Business Forecasting, which includes 12 articles on demand planning & forecasting with Point-of-Sales (POS) / Syndicated data.
The Winter 2009 issue of Foresight is out – an official publication of the International Institute of Forecasters, seeks to advance the practice of forecasting by publishing high-quality, peer-reviewed articles, written in a concise, accessible style for forecasting analysts, managers, and students.