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Knowledge Nugget #32: Forecasting

Knowledge Nugget #32: Forecasting

by Britta Scherer | 11. January 2022 | Knowledge Nugget, News and events

Forecastings or prognoses are nothing else than predictions on certain target variables, other operationally relevant influencing variables or economic variables to improve planning. These are based on past and current data that are methodically analyzed and linked....
TheTen: 10 Do’s of Machine Learning based forecasts

TheTen: 10 Do’s of Machine Learning based forecasts

by Britta Scherer | 6. May 2020 | News and events, The Ten

Good demand forecasts are the basis for comprehensive supply chain planning and the resulting optimization of processes. The more accurate the forecasts, the lower the safety stock, depreciation and tied-up capital. With forecasting techniques based on machine...

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