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Budget process evolution and maturity in healthcare organizations traditionally has lagged other industries, where leading-edge and data-driven forecasting approaches are currently evolving. Most ...

Sales forecasters balance past sales data with information on market conditions, politics, fashion and even the weather to predict future sales. Sales forecasts thus help business owners plan strategy ...

Widely used methods of automated forecasting for production and inventory control contribute to the severity of recessions. We describe an approach to forecasting that should reduce the damage caused ...

Ronald L. Iman, Mark E. Johnson and Charles C. Watson,. Jr. Virtually every aspect of hurricane planning and forecasting involves (or should involve!) the science of statistics. The very active 2004 ...

Alongside accounting basics, understanding the different financial forecasting models and how to implement the model that’s right for your startup’s business plan is absolutely essential. Alongside ...

Nate Silver is an intriguing man. A statistician by training, he developed a system for forecasting baseball performance that has had real influence on how the top teams evaluate potential players.

We consider questions like these across three topics: Topic 1 starts with simple, familiar ideas like correlation and builds on these to consider how simple linear regression can be applied to ...

Time series forecasts are used to predict a future value or a classification at a particular point in time. Here’s a brief overview of their common uses and how they are developed. Industries from ...