Standard forecasting methods that are designed to cope with seasonal demand often are no
longer applicable in practice. Due to growing assortments and shorter product life cycles …

Most operations decisions are based on some kind of forecast of future demand. Thus,
forecasting is definitely a very traditional area in the operations and inventory management …

Inaccurate forecasts of demand during promotions diminish the already meager profit
margins of retailers. No forecasting method described in the literature can accurately …

Traditional methods of forecasting the demand for products that exhibit a seasonal pattern
call for estimation of the seasonal component based on the history of demands for that …

Demand forecasting is a major issue in several industrial sectors. A relevant choice for
companies is the proper level of forecast aggregation. Forecasters need to properly identify …

Demand forecasting is central to decision making and operations in organisations. As the
volume of forecasts increases, for example due to an increased product customisation that …

In this article Jim discusses 1) forecast error calculations for intermittent (sporadic) demand
items, 2) issues with measuring forecast error aggregated across items, and 3) metrics for …

Demand forecasting is of particular importance for retailers in the context of supply chains of
perishable goods and fresh food. Such goods are daily produced and delivered as they …

Forecasting competitions have been a major driver not only of improvements in forecasting
methods' performances, but also of the development of new forecasting approaches …

Forecasting as a scientific discipline has progressed a lot in the last 40 years, with Nobel
prizes being awarded for seminal work in the field, most notably to Engle, Granger and …