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Foresight (forecasting Journal)
''Foresight: The International Journal of Applied Forecasting'' is a forecasting journal published quarterly by the International Institute of Forecasters. ''Foresight'' was launched in 2005 as a practitioner-focused companion to the IIF's ''International Journal of Forecasting''. ''Foresight'' publishes peer-reviewed articles written by academics and business forecasters on topics including design and management of forecasting processes, forecasting models, integrating forecasting into business planning, sales forecasting, prediction markets, reviews of forecasting tools and books, sales and operations planning (S&OP), improving forecasting accuracy, and demand forecasting Demand forecasting is known as the process of making future estimations in relation to customer demand over a specific period. Generally, demand forecasting will consider historical data and other analytical information to produce the most accurat .... All ''Foresight'' back issues and articles are indexed v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forecasting
Forecasting is the process of making predictions based on past and present data. Later these can be compared (resolved) against what happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results. Prediction is a similar but more general term. Forecasting might refer to specific formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgmental methods or the process of prediction and resolution itself. Usage can vary between areas of application: for example, in hydrology the terms "forecast" and "forecasting" are sometimes reserved for estimates of values at certain specific future times, while the term "prediction" is used for more general estimates, such as the number of times floods will occur over a long period. Risk and uncertainty are central to forecasting and prediction; it is generally considered a good practice to indicate the degree of uncertainty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Len Tashman
Len or LEN may refer to: People and fictional characters * Len (given name), a list of people and fictional characters * Lén, a character from Irish mythology * Alex Len (born 1993), Ukrainian basketball player * Mr. Len, American hip hop DJ *Len Kagamine, Vocaloid LEN * The Lake Erie and Northern Railway, a defunct interurban electric railway in Ontario, Canada * Len Industri, an Indonesian electronics company known formerly as LEN * Ligue Européenne de Natation, the European Swimming League ** LEN Trophy Codes * len, ISO 639-3 code for the extinct Lencan languages of Central America * LEN, IATA airport code of León Airport, near León, Spain * LEN, ICAO airline code for Lentini Aviation - see List of airline codes (L) Other uses * Len (band), a Canadian indie rock group * Len (Norway), an important Norwegian administrative entity during 1536–1814 * Len (programming), a function that gives the length of a text string in some dialects of BASIC programming language * Rive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Institute Of Forecasters
The International Institute of Forecasters (IIF) is a non-profit organization based in Medford, Massachusetts and founded in 1981 that describes itself as "dedicated to developing and furthering the generation, distribution, and use of knowledge on forecasting." Publications The IIF publishes the following: * Foresight: The International Journal of Applied Forecasting * International Journal of Forecasting, published in collaboration with Elsevier * The Oracle Conferences The IIF organizes the annual International Symposium on Forecasting, held in a different location each year. They have also organized and sponsored other conferences and workshops. IIF has collaborated with other organizations such as the European Central Bank in organizing workshops and conferences. Other activities The International Institute of Forecasters sponsored the M3 competition, a forecasting competition whose results were published in a special issue of the International Journal of Forecasting th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forecasting
Forecasting is the process of making predictions based on past and present data. Later these can be compared (resolved) against what happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results. Prediction is a similar but more general term. Forecasting might refer to specific formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgmental methods or the process of prediction and resolution itself. Usage can vary between areas of application: for example, in hydrology the terms "forecast" and "forecasting" are sometimes reserved for estimates of values at certain specific future times, while the term "prediction" is used for more general estimates, such as the number of times floods will occur over a long period. Risk and uncertainty are central to forecasting and prediction; it is generally considered a good practice to indicate the degree of uncertainty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Academic Journal
An academic journal or scholarly journal is a periodical publication in which scholarship relating to a particular academic discipline is published. Academic journals serve as permanent and transparent forums for the presentation, scrutiny, and discussion of research. They nearly-universally require peer-review or other scrutiny from contemporaries competent and established in their respective fields. Content typically takes the form of articles presenting original research, review articles, or book reviews. The purpose of an academic journal, according to Henry Oldenburg (the first editor of ''Philosophical Transactions of the Royal Society''), is to give researchers a venue to "impart their knowledge to one another, and contribute what they can to the Grand design of improving natural knowledge, and perfecting all Philosophical Arts, and Sciences." The term ''academic journal'' applies to scholarly publications in all fields; this article discusses the aspects common to all ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Journal Of Forecasting
The ''International Journal of Forecasting'' is a quarterly peer-reviewed scientific journal on forecasting. It is published by Elsevier on behalf of the International Institute of Forecasters. Its objective is to "unify the field of forecasting and to bridge the gap between theory and practice, making forecasting useful and relevant for decision and policy makers". The journal was established in 1985. According to the ''Journal Citation Reports'', the journal has a 2021 impact factor of 7.022. Editors-in-chief The editors-in-chief of the journal have been: * Pierre Pinson (2019–) * Esther Ruiz (2019) * Rob J. Hyndman (2005–2018) * Jan G. de Gooijer (1998–2004) * Robert Fildes (1988–1998) * J. Scott Armstrong (1988–1989) * Spyros Makridakis Spyros Makridakis (born 22 April 1941) is a professor of thUniversity of NicosiaUNIC where he is the Director of the Institute for the Future (IFF) and an Emeritus Professor of Decision Sciences at INSEAD as well as the University o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Planning
Planning is the process of thinking regarding the activities required to achieve a desired goal. Planning is based on foresight, the fundamental capacity for mental time travel. The evolution of forethought, the capacity to think ahead, is considered to have been a prime mover in human evolution. Planning is a fundamental property of intelligent behavior. It involves the use of logic and imagination to visualise not only a desired end result, but the steps necessary to achieve that result. An important aspect of planning is its relationship to forecasting. Forecasting aims to predict what the future will look like, while planning imagines what the future could look like. Planning according to established principles is a core part of many professional occupations, particularly in fields such as management and business. Once a plan has been developed it is possible to measure and assess progress, efficiency and effectiveness. As circumstances change, plans may need to be modified ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sales Forecasting
Sales operations is a set of business activities and processes that help a sales organization run effectively, efficiently and in support of business strategies and objectives. Sales operations may also be referred to as sales, sales support, or business operations. Categories The set of sales operations activities vary from company to company but often include these five categories:< Sales force enablement * Sales process development * Sales process adoption and compliance * Sales development * Sales training * Sales force communications management Business analytics * Sales metrics * Sales forecasting Sales administration * Proposal/contract development * Vendor selection and management * Planning process stewardship Attainment planning * Incentive sales compensation plan design * GTM strategy alignment with roles and components * Territory analysis and definition * Goal setting Sales operations mandate and design * Chief of staff to the sales organization * Stewardship ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prediction Markets
Prediction markets (also known as betting markets, information markets, decision markets, idea futures or event derivatives) are open markets where specific outcomes can be predicted using financial incentives. Essentially, they are exchange-traded markets created for the purpose of trading the outcome of events. The market prices can indicate what the crowd thinks the probability of the event is. A prediction market contract trades between 0 and 100%. The most common form of a prediction market is a binary option market, which will expire at the price of 0 or 100%. Prediction markets can be thought of as belonging to the more general concept of crowdsourcing which is specially designed to aggregate information on particular topics of interest. The main purposes of prediction markets are eliciting aggregating beliefs over an unknown future outcome. Traders with different beliefs trade on contracts whose payoffs are related to the unknown future outcome and the market prices of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sales And Operations Planning
Sales and operations planning (S&OP) is an integrated business management process through which the executive/leadership team continually achieves focus, alignment, and synchronization among all organization functions. The S&OP process includes an updated forecast that leads to a sales plan, production plan, inventory plan, customer lead time (backlog) plan, new product development plan, strategic initiative plan, and resulting financial plan. Plan frequency and planning horizon depend on the specifics of the context. Short product life cycles and high demand volatility require a tighter S&OP than steadily consumed products. Done well, the S&OP process also enables effective supply chain management. The Sales and Operations planning process has a twofold scope. The first scope is the horizontal alignment to balance the supply and demand through integration between the company departments and with suppliers and customers. The second aim is the vertical alignment amid strategic plan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consensus Forecast
Used in a number of sciences, ranging from econometrics to meteorology, consensus forecasts are predictions of the future that are created by combining together several separate forecasts which have often been created using different methodologies. Also known as ''combining forecasts'', ''forecast averaging'' or ''model averaging'' (in econometrics and statistics) and ''committee machines'', ''ensemble averaging'' or ''expert aggregation'' (in machine learning). Applications can range from forecasting the weather to predicting the annual Gross Domestic Product of a country or the number of cars a company or an individual dealer is likely to sell in a year. While forecasts are often made for future values of a time series, they can also be for one-off events such as the outcome of a presidential election or a football match. Background Forecasting plays a key role in any organisation's planning process as it provides insight into uncertainty. Through simulation, one will be able to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demand Forecasting
Demand forecasting is known as the process of making future estimations in relation to customer demand over a specific period. Generally, demand forecasting will consider historical data and other analytical information to produce the most accurate predictions. More specifically, the methods of demand forecasting entails using predictive analytics of historical data to understand and predict customer demand in order to understand key economic conditions and assist in making crucial supply decisions to optimise business profitability. Demand forecasting methods are divided into two major categories, qualitative and quantitative methods. Qualitative methods are based on expert opinion and information gathered from the field. It is mostly used in situations when there is minimal data available to analyse. For example, when a business or product is newly being introduced to the market. Quantitative methods however, use data, and analytical tools in order to create predictions. Demand f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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