Time Series Forecasting using Microsoft Power BI

Analytics Vidhya

Introduction Time series forecasting is a really important area of Machine Learning as it gives you the ability to “see” ahead of time and. The post Time Series Forecasting using Microsoft Power BI appeared first on Analytics Vidhya.

What Are Rolling Forecasts?

Jedox

Rolling forecasts are a specific type of financial forecasting that use existing data to help predict aspects of business performance throughout the year. In the first section, we’ll explain some of the more general aspects of forecasting. Overview of forecasting.

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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

Rolling Forecasts: The Pros and Cons

Jedox

In our previous blog post, “ What are Rolling Forecasts? ” we covered forecasting and rolling forecasts in general. In our second post in this series, we look at the pros and cons of introducing rolling forecasts for your organization.

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.

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.

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.

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?

Dataiku Leveraged for Cash Flow Forecasting

Dataiku

Not only can organizations leverage data science and machine learning for things like time savings, more efficient processes, and cost optimization, but they can also use it for fully automated cash flow forecasting that can produce results precise enough for the modern enterprise and a changing environment. Use Cases & Projects Featured

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.

Whitepaper: New-Age Demand Forecasting & Planning

bridgei2i

As companies look to evolve into agile enterprises, there is increasing pressure on supply chain operations to build very accurate forecasts for Demand Sensing.

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.

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.

5 Excel Tips for Better Budgeting and Forecasting

Jet Global

In many cases, you can improve the value Excel offers your budgeting and forecasting activities just by taking time to learn some of its nuances. To that end, we’ve compiled five useful tips to help you improve your use of Excel when budgeting and forecasting for your business.

Forecasting COVID-19 Using Teradata Vantage

Teradata

Teradata data scientists utilized Teradata technologies to develop models to accurately project the number of COVID-19 confirmations and deaths. Learn more

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.

Reshaping Future Growth: Top Tips on How to Manage Tax Forecasts

Jet Global

Register to hear how Deloitte and insightsoftware are supporting organisations with their scenario and planning capabilities, enabling organisations to report best case/worst case against current forecasts. 3-5 year forecast and potential long-term scenarios.

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?

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?

Experience faster planning, budgeting and forecasting cycles on IBM Cloud Pak for Data

IBM Big Data Hub

We live in the age of connectivity. Everyone and everything is constantly connected; yet, in most organizations, business unit planning operates in silos. This fragmented approach is often the result of spreadsheet-driven planning processes, which impede collaboration

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.

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.

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.

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!

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

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.

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

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.

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?

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.

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.

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?

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.

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.