"Forecastability" is a frequent topic of discussion on The BFD, and an essential consideration when evaluating the effectiveness of any forecasting process. A major critique of forecasting…
The one-number forecasting concept has been debated for years.Advocates argue that having different groups within the same organization working to different forecasts is insane. You can't have…
There is a well recognized phenomenon that combining forecasts, derived from different methods using different sources of information, can improve forecast accuracy. This approach, sometimes called "ensemble…
Want to make weather forecasting look good? Want to make weather forecasting look good? Compare it to predicting the economy. So concludes an ABC News Australia story by…
Two enduring principles of forecasting are that simple methods can work as well as fancy methods, and that combining (averaging) forecasts, also known as "ensemble forecasting," will…
The 2012 US Presidential race comes to a close today (thankfully), and there is no shortage of wacky indicators predicting the winner: The 2012 US Presidential race…
Editor Len Tashman's Preview of ForesightThe importance of Editor Len Tashman's Preview of ForesightThe importance of trust in the dissemination of forecasts through an organization cannot be…
Business forecasting is a dismal field of endeavor, fit for dismal people like myself. In an attempt to make this field interesting to people who aren't so dismal…
The Perils RevisitedA few posts ago I warned of the perils of forecasting benchmarks, and why they should not be used to set your forecasting performance objectives:…
The 2012 Summer Olympics in London are just around the corner, and it's sure to be an exciting time for all. I had the good fortune to…
