Forecasting uncertainty at Airbnb

O'Reilly on Data

Theresa Johnson outlines the AI powering Airbnb’s metrics forecasting platform. Continue reading Forecasting uncertainty at Airbnb

Stock Market Forecasting Using Time Series Analysis

KDnuggets

Time series analysis will be the best tool for forecasting the trend or even future. So let us understand this concept in great detail and use a machine learning technique to forecast stocks. 2020 Jan Tutorials, Overviews Analysis Finance Forecasting Stocks Time SeriesThe trend chart will provide adequate guidance for the investor.

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Machine learning methods for demand forecasting in a new normal

DataFloq

Machine learning-based methods of demand forecasting in the retail industry leverage historical data, but the limitations of that data are clear as we grapple with COVID-19. The current state of customer demand has significantly changed, and the forecast accuracy will be diminished.How can we adjust to predict the new demand paradigm?

Forecasting Stories: Is it seasonality or not?

KDnuggets

Kicking off with a series of forecasting stories, starting with seasonality and its business applications. 2020 Mar Opinions Forecasting Time SeriesThis first article speaks of course corrections that were based on weather and calendar driven seasonality.

Crucial KPIs for Your Growing Company: 7 Principles & 35 Metrics Every SMB Needs

Expert advice for SMBs to help drive the right results, including: principles to making good decisions quickly, why you need leading and lagging indicators to improve your odds of success, and how to use interlocking KPIs to improve company alignment.

How to forecast stock on hand

Phocas

Yet, without the ability to accurately forecast stock on hand, keeping optimal stock levels can be a challenge. The ability to deliver orders in full and on time (DIFOT) is essential to keeping satisfied customers.

5 Tips for High Quality Finance Forecasting

Jedox

A high-quality business forecast delivers far more than just numbers. Finance professionals regularly try to look in their crystal ball with forecasts and enable the company to have seamless, solid planning. For this to succeed, your forecast must be of high quality.

Planning & Forecasting in the Age of AI

Dataiku

Forecasting and planning are some of the very oldest use cases of modern statistics - businesses as far back as the 1950s used computer-based modeling to anticipate risks and make decisions. data science supply chain forecasting

Machine Learning Can Assist with Five Year Balance Sheet Forecasts

DataFloq

The financial forecasting process is one of the least liked aspects of business. Machine learning is making many business processes much easier.

Key Data Trends And Forecasts In The Energy Sector

Smart Data Collective

Corporations need data to forecast the market’s future and the recent drop in the price of fossil fuels have invigorated alternative energy projects globally. Smart metering helps predict demand and forecasts what will be needed based on data.

Webinar: Data-Driven Approaches to Forecasting

KDnuggets

Whether it’s demand forecasting, supply chain management, or any other application, getting it right requires balancing the need for performance with the constraints of implementation and complexity. Learn more in this free webinar, Data-Driven Approaches to Forecasting, Sep 26. 2019 Sep Webcasts & Webinars Forecasting Metis

Using Business Intelligence in Demand Forecasting

Jet Global

One of those areas is called predictive analytics, where companies extract information from existing data to determine buying patterns and forecast future trends. We’ll explain what it is, how it works, and ways to start using demand forecasting with business intelligence software.

Understanding Demand Forecasting And Then Mastering It

BizAcuity

To cater to these fast-changing market dynamics, the practice of demand forecasting began. Today, several businesses, especially those belonging to the FMCG sector, have sophisticated demand forecasting models in place, which help them stay ahead of the market.

How to Use Real-Time Data for Excel Financial Forecasting

Jet Global

Good financial planning begins with good forecasting. There are many different types of forecasts that you may wish to create, depending on the nature of your business. Starting Simple: Forecasting Based on Sales History. Other Types of Forecasts.

Using Business Intelligence in Demand Forecasting

Jet Global

One of those areas is called predictive analytics, where companies extract information from existing data to determine buying patterns and forecast future trends. We’ll explain what it is, how it works, and ways to start using demand forecasting with business intelligence software.

Forecast and Plan with Confidence (and Predictive Analytics)!

Smarten

These types of decision-making can be particularly dangerous to your business when they are applied to predicting and forecasting. Predictive Analytics for Business Users = Assisted Predictive Modeling! Are you tired of using guesswork and opinions to make business decisions?

Hey Siri, What’s My Forecasted EBITDA Look Like?

Jedox

Even though we have so much advanced technology surrounding us, we still cannot just ask, “ Hey Siri, what’s my forecasted EBITDA look like ?” Many of the algorithms used for budgeting, planning, and forecasting are already in use and were proven decades ago. The first, and probably most popular area, is time-based forecast and prediction. The post Hey Siri, What’s My Forecasted EBITDA Look Like?

Anacostia Riverkeeper Forecasts River Water Quality with DataRobot

DataRobot

The water quality at an urban-adjacent river like the Anacostia River in Washington D.C., can vary wildly from day to day. Severe rainstorms, sewage overflows, and excessive littering are just some of the factors that can affect its quality and cleanliness. AI Across Industries

Increased Sell-Through Accuracy Using Forecasting Engine

bridgei2i

Increased Sell-Through Accuracy Using Forecasting Engine. The client, a Fortune 500 global enterprise technology hardware manufacturer, was generating about 50,000 different forecasts at a monthly level from its distributor network spread across 120 countries. Using sophisticated Demand Planning software could only provide a 3-month accuracy of about 45% however, the client needed improved accuracy and a more powerful demand forecasting application. Case study.

What is ARIMA Forecasting and How Can it Be Used for Enterprise Analysis?

Smarten

This article provides a brief explanation of the ARIMA method of analytical forecasting. What is ARIMA Forecasting? ’ The ARIMA model is suggested for short term forecasting. The ARIMA forecasting technique uses three primary parameters for analysis within the model.

What is ARIMAX Forecasting and How is it Used for Enterprise Analysis?

Smarten

This article looks at the ARIMAX Forecasting method of analysis and how it can be used for business analysis. What is ARIMAX Forecasting? To understand ARIMAX Forecasting, let’s look at an example of annual GDP values in India.

What is the Holt-Winters Forecasting Algorithm and How Can it be Used for Enterprise Analysis?

Smarten

This article provides a brief explanation of the Holt-Winters Forecasting model and its application in the business environment. What is the Holt-Winters Forecasting Algorithm? The Holt-Winters algorithm is used for forecasting and It is a time-series forecasting method.

Humans-in-the-loop forecasting: integrating data science and business planning

The Unofficial Google Data Science Blog

ln this post he describes where and how having “humans in the loop” in forecasting makes sense, and reflects on past failures and successes that have led him to this perspective. Our team does a lot of forecasting. For high stakes, strategic forecasts, my answer is: yes!

Demand Forecasting Using Traditional and Contemporary Data Science

ScienceSoft

Dissatisfied with your demand forecasts? Instead of giving up on them completely, try reconsidering the methods you use. Here, we describe the approaches that will definitely work: traditional and contemporary data science

Data Science Virtual Expert Panel Presented by AWS

Perficient Data & Analytics

AWS will feature one of our experts to speak on a panel about the evolution and progress being made to solve critical business problems such as customer personalization and forecasting through the use of data science. Amazon Forecast. Reduce forecasting time from months to hours.

Blending Art and Science: Using Data to Forecast and Manage Your Sales Pipeline

Sisense

Analytics and sales should partner to forecast new business revenue and manage pipeline, because sales teams that have an analyst dedicated to their data and trends, drive insights that optimize workflows and decision making. Nowadays, sales is both science and art.

Automated Sales Forecasting with Predictive Analytics Making AI Real (Part 4)

Jedox

In today’s organizations, the role of financial controlling or FP&A is not only to provide financial insights so business partners can make better decisions, but it is also to lead the way towards a more mature use of analytics technology including predictive analytics for sales forecasting.

Age care provider finds value in forecasting and prediction

IBM Big Data Hub

When providing care for the elderly, you have a tremendous responsibility to your residents and their families.

Machine learning-based Sell-In Forecasting for Consumer Electronics

bridgei2i

Machine learning-based Sell-In Forecasting for Consumer Electronics. With over 2000 products and a channel-focused Supply Chain planning approach, our Client wanted accurate Supply Chain Forecast for optimal product-availability within 8-week lead-times. With a target of a 10% Accuracy Value-Add, it was imperative to explore new-age forecasting methods based on Machine Learning. Our Forecasting Engine is a Proven Tool to Improve Visibility. Case study.

Our quest for robust time series forecasting at scale

The Unofficial Google Data Science Blog

by ERIC TASSONE, FARZAN ROHANI We were part of a team of data scientists in Search Infrastructure at Google that took on the task of developing robust and automatic large-scale time series forecasting for our organization. So what did "forecasting" not mean to us?

Predictive Analytics Use Cases: Envision Success with Comprehensive Planning and Forecasting!

Smarten

The Importance of Planning and Forecasting in BI

Paris Technologies

The budgeting and forecasting process for most organizations is long and tedious and occurs on an annual basis, at least. Companies try to do it more often to improve accuracy and aim to ultimately implement a procedure for continuous planning or rolling forecasts. Unlike any other business process, budgeting and forecasting is unique because it is […].

Sales Bookings Forecasting Engine for a Global Cloud and Virtualization Major

bridgei2i

Sales Bookings Forecasting Engine for a Global Cloud and Virtualization Major. Our client, a global cloud and virtualization major, was looking to achieve a B2B revenue forecast from disparate sources—several tiers of the organization, a dynamic competitor landscape and varying density of data and mix of products at different life stages. The sophisticated sales hierarchy necessitated multiple revenue forecasts at different levels. Case study.

B2B 40

Oracle Planning: Driver-based Rolling Forecast at #Kscope18

Perficient Data & Analytics

Rolling forecasts in healthcare are challenging because Key Performance Indicators (KPIs) are unique to each organization and market conditions are ever changing. The new rolling forecast model delivers several advantages: Flexible, driver based calculations. Several versions of the forecast can be saved. KSCOPE18 Session: Case Study: Implementing one of its kind driver based rolling forecast model at MD Anderson Cancer Center using Hyperion Planning with ASO integration.

Are spreadsheets really the best tools for financial planning and forecasting?

IBM Big Data Hub

Learn more in this webinar how predictive technologies can improve the accuracy of your own planning and forecasting Still using spreadsheets for financial planning?

Cloud Data Science 8

Data Science 101

Amazon Forecast now uses public Holidays from 30 Countries Forecast, which is a time-series forecasting tool, supports holidays from many countries now. This will greatly improve the forecast accuracy as holidays can play a large part in forecasting.

Big Data Forecast: Cloudy, with Increasing Chances of Success (Part 1)

Cloudera

Tune in for Part 2 of 3, coming soon… The post Big Data Forecast: Cloudy, with Increasing Chances of Success (Part 1) appeared first on Cloudera Blog. Today, public cloud is a compelling proposition for businesses and government organizations seeking to be more agile. Increasingly, self-service is seen as the most effective way to scale user access to data for analytics and operations.

3 Expert Tips to Improve Enterprise Budgeting

Jedox

Company data must be compiled, sorted according to relevance for budgeting, planning and forecasting and then analyzed. Thought Leadership Budgeting and Forecasting EPM FP&A

What is xP&A?

Jedox

This can be as simple as a monthly sales report to know how much product your business sold in the previous month, or more complex, such as a 12-month forecast to guide allocations in the budget for the next fiscal year. .

5 Tips to Find the Right EPM Solution in Your Tech Refresh

Jedox

A best-in-class EPM solution can improve processes of planning, analysis and forecasting. Thought Leadership Budgeting and Forecasting Enterprise planning EPM FP&A Performance Management

How Private Equity Firms Can Manage Uncertainty With Scenario Modeling

Jedox

Thought Leadership EPM Forecasting FP&A PlanningIt’s an unusual time in private equity. Many of their portfolio companies face reduced consumption, lower productivity, and supply chain disruption. Many businesses are unprepared.

DataRobot and Kx Partnership: Modernizing the Financial Markets with AI-Driven Forecasting

DataRobot

Competition throughout the financial markets is becoming more intense and top-line growth is becoming more challenging than ever to achieve.

All About Machine Learning with Oracle Analytics

Perficient Data & Analytics

Data & Analytics Oracle Augmented Analytics BI Classification clustering Data Flow Data Preparation Explain forecast machine learning ML OAC obiee oracle analytics Oracle Analytics Cloud Outlier Detection Prediction predictive sentiment analysis