What Are My Favorite Forecasting Methods?

IBF On Demand sponsored by Arkieva, your one-plan S&OP software. Learn more about Arkieva's innovative approach to forecasting here: http://bit.ly/business-forecasting00:00 Intro01:21 IBF Conferences https://ibf.org/forecasting-and-plann...02:48 A peak inside my forecasting tool box05:00 The types of forecasting methods available to you 08:33 How to decide which method to use - accuracy vs interpretability 12:41 The most common methods used in business forecasting13:36 Judgmental methods: sales force, jury method, expert opinion, Delphi method17:09 Time series forecasting: naïve, average, decomposition, exponential smoothing23:55 Causal and relationship methods: simple linear, multiples, logistic, ratios26:30 Machine learning: Bayesian, logistic, trees, neural networks"28:30 Clustering: constraint, hierarchical, distribution, centroid 30:45 How to pick the best modelSupport the Show.To sign up for regular updates and the latest research, events, articles, podcasts and more from the Institute of Business Forecasting & Training, visit www.ibf.org