Forecast new product success scientifically

Forecast new product success scientifically

A new product is launched in the market to reduce the inflation cost of production by making improvements on existing products, targeted to the...

A use case for what-if tool - Long horizon forecasting example

A use case for what-if tool - Long horizon forecasting example

The need for long-horizon forecasting Long-horizon forecasting involves predicting a situation 1.5-2 years in advance. Some businesses need such horizons for procurement of raw...

The Coronavirus Crisis-The impact of COVID-19 on the retail industry

The Coronavirus Crisis-The impact of COVID-19 on the retail industry

While COVID-19 spreads globally, the retail industry braces for the outbreak’s fallout. From the slowdown in sales at the moment to not being able...

Factors to keep in mind while Forecasting

Factors to keep in mind while Forecasting

A famous quote coined by Paul Saffo, a consultant associate professor at Stanford University who has been a technology forecaster for more than 35 years...

Inventory rebalancing - Part 2

Inventory rebalancing - Part 2

In part 1, we built a crucial foundation to understand problem of inventory imbalance. Here, in part 2, we will dig deeper into...

Confidence Intervals

Confidence Intervals

What are the confidence intervals? In statistics, it is almost always impossible to deal with the entire population as a whole. When I say population, I mean considering each and every possible value of a variable under consideration - be it sales of a commodity or the number of...