Robust Near-term and Long-term Forecasting

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Written in collaboration with Dr. Ralph Finos

In an earlier post, we talked briefly about near-term and long-term forecasting – Why Do We Forecast?

Near-term Forecasting and Planning
In near-term planning we’re trying to be as accurate as possible about the outcome – regardless of how we get there.  The premium is on prediction vs. explanation. 

Problems like:

“What are my sales for established products likely to be in the next 6 months?”

Or demand pull considerations in the supply chain: …….

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