Widely used methods of automated forecasting for production and inventory control contribute to the severity of recessions. We describe an approach to forecasting that should reduce the damage caused ...

Discover how human resource planning might be used to estimate the correct demand for labor in a given market, both qualitatively and quantitatively.

Financial forecasting is the act of estimating future financial outcomes for a business or an investment. It is a critical process in financial planning and decision-making. It employs statistical ...

This course is a self-contained introduction to probabilistic and statistical methods used in risk management. A number of important questions and methods will be examined, including: How is the risk ...

Simply sign up to the Fund management myFT Digest -- delivered directly to your inbox. Economists are often criticised – with good reason – for inaccurate forecasting. In their defence, developing ...

When a company uses more than one forecasting method to come up with predictions of the company's future. Analysts often work together and can use multiple methods to increase accuracy. A company may ...

Patient flow forecasting is a fundamental tool in healthcare and pharmaceutical industries, enabling stakeholders to predict and plan for the treatment requirements of patients accurately. This ...

Outliers may provide useful information about the development and manufacturing process. Analysts use various statistical methods to evaluate outliers and to reduce their impact on the analysis. This ...