Measuring forecast productivity

Article Abstract:

Forecast productivity is measured by the amount of money saved or lost by implementing a decision based on a 'sophisticated' forecast. A 'sophisticated' forecast is generated through a formal forecasting process by a trained forecaster using a statistical model. Forecast productivity can be measured in terms of the productivity from the point forecast, productivity from quantifying uncertainty and productivity from understanding sales relationships. Evaluating forecast productivity is a long-term process, applied over many decisions.

Measurement, Statistics, Forecasting, Industrial productivity

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Forecasting with Demand Forecast Group database at Bell Atlantic

Article Abstract:

The Demand Forecast Group database is a data repository and forecasting tool developed by Bell Communications Research Inc. The database, part of Bell Atlantic's 'Enterprise Computing Vision,' can store corporate information from several sources. It runs in the Open System Computing Architecture environment, resides on a Unix/MVS platform and is managed through the DB2 Database Management System.

Prepackaged software, Database Mgmt Software Pkgs, Evaluation, Product information, Telecommunications industry, Communications industry, Information management, Databases, Business forecasting, Bellcore

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