September 2003
Intermediate to advanced
384 pages
8h 16m
English
Content preview from Supply Chains: A Manager's GuideBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Integrating Forecasts
A good way to improve the reliability of demand forecasts is to have multiple analysts generate forecasts independently and then combine their results. The problem here is figuring out how to integrate the forecasts in a meaningful way. One solution is simply to average them all together, but this can be risky. Just as aggregating across seasonal products with different peaks can cancel out the effects of seasonality, averaging independent forecasts can mask patterns that are evident in each forecast but that don't align precisely across forecasters. The better approach is to try to understand the reasoning behind each forecast and somehow combine the reasoning rather than just the numbers.
The obvious solution—just get ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.