Forecasting Oracle Performance

CHAPTER 3Increasing Forecast Precision

Chapter 2 presented the essentials, including data collection, the basic forecasting formulas, and how to deal with some uncomfortable realities. Once you get familiar with the essential forecasting formulas and you've performed a few forecasts, you'll start to wonder how you can increase forecast precision. Increasing forecast precision may be simpler than you think.

This chapter focuses on taking the essentials to the next level. First, we'll look at some com mon forecasting "gotchas." Then I will introduce you to other forecasting models, baseline selection, and a better response time formula. We'll also look at how to calculate better averages. I think you'll be surprised that, with just a little more ...