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Perform time series forecasting using Amazon Redshift ML and Amazon Forecast

AWS Big Data

Amazon Redshift is a fully managed, petabyte-scale data warehouse service in the cloud. Tens of thousands of customers use Amazon Redshift to process exabytes of data every day to power their analytics workloads. Forecasting acts as a planning tool to help enterprises prepare for the uncertainty that can occur in the future.

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Make Faster, More Accurate Forecasts with Automation

Jet Global

In periods of economic uncertainty, financial planning and analysis (FP&A) teams become more important than ever. Organizations depend on FP&A teams to provide accurate forecasts that enable continued success. For example, an initial forecast is set for four quarters of a year.

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Why Construction Businesses Should Track KPIs to Conquer Economic Uncertainty

Jet Global

Due to the Infrastructure Investment and Jobs Act of 2022 in the United States, nonresidential construction is expected to continue expanding despite expected uncertainty in 2023. The Construction Products Association’s (CPA) Autumn Forecast predicts the construction market in the UK will fall by 3.9% trillion worldwide by 2030.

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7 Keys to Effective Planning, Budgeting, and Forecasting

Jet Global

In most companies, planning, budgeting, and forecasting processes are fairly well-established, but just because you’ve always done things a certain way doesn’t mean you can’t improve them. That, in turn, helps leaders to plan effectively for a range of circumstances, allowing for greater flexibility to accommodate uncertainty.

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What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

A DSS supports the management, operations, and planning levels of an organization in making better decisions by assessing the significance of uncertainties and the tradeoffs involved in making one decision over another. The size of the DSS database will vary based on need, from a small, standalone system to a large data warehouse.

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Demand Planning and Forecasting: The Key to Supply Chain Challenges

Jet Global

Factory shutdowns, shipping bottlenecks, and shortages of raw materials have led to substantial uncertainty for businesses seeking to address the vicissitudes of supply-side availability. The “What” and “Why” of Demand Planning and Forecasting. Demand forecasting is about predicting potential spikes or troughs in demand.

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Why Tax and Transfer Pricing Software Is Essential for Multinational Companies

Jet Global

The digitalization of tax and operational transfer pricing processes can have a huge impact on a multinational company’s ability to efficiently forecast and report its tax liability. We’re also seeing greater volatility in global events, uncertainty in global trade policies, and more. Download Now.