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Anthony Narozza

Probabilistic Forecasting: Right Fit for Your Business?

By | Demand, Global Supply Chains, innovation, Inventory Management | One Comment

In the design of planning systems, it is important to think through the elements. These include data inputs, data model fit, engines, outputs, visualization, ease of use, workflow/what-if analysis, master data, and integration. The least problematic element is integration. However, and ironically, integration fears drove many decisions in the past decade. A Closer Look at Forecasting Traditionally, companies forecast using history (shipments or orders) as inputs and apply linear regression…

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