Companies are using more external data and unstructured data in their models of forecasting and planning. In your opinion, what are the potential concerns you may have with these data?

Q: What are the similarities and differences between ridge regression and forecasting?

A: A Small Introduction about Regression Regression analysis is used to predict a continuous dependent…

Q: What role does forecasting play in the planning process, and what are some common methods and…

A: Forecasting is a crucial component of the planning process as it enables organizations to anticipate…

Q: Add your personal life experiences or engagement on topic of forecasting and Quality management.

A: Forecasting and Quality Management. Forecasting is that the process of estimate and predicate about…

Q: forecasting demand and sales

A: There is no single method that can be used to predict demand and sales of a restaurant because it…

Q: What is a time series and the rationale for forecasting based on a time series analysis?

A: Forecasting refers to the prediction of the future based on some evidence or a strong base.…

Q: There are two general methods to forecasting:Even, what is their meaning?

A: The organization's forecasting is critical. External forces are used to forecast, and a few…

Q: What are the two most important factors of forecasting techniques.?

A: Forecasting is a tool for finding future predictions and trends by analyzing past and present data.

Q: What role does forecasting play in the planning process, and what methods or techniques can be used…

A: Possibly if there is one wish that managers and leaders would ask for in today's times would be the…

Q: How do we measure accuracy of a forecasting model?

A: Step1:Forecasting models are tried and tested frameworks of historical data which helps in…

Q: Explain qualitative forecasting

A: Qualitative forecasting methods utilize subjective judgment, expert opinions, and qualitative data…