Tag: what is forecasting

  • An imaginary conversation with a weather frog

    European folklore believed that frogs kept in a glass would be able to forecast the weather. People filled some water in the glass to keep the amphibian happy, and then added a small ladder. A climbing frog would indicate good weather, whereas a frog hanging out in the water would show bad weather. This belief […]

  • Future Ready? A discussion with Steve Morlidge

    Steve Morlidge, Future Ready The IBM Finance Forum 2011 events have officially started in Europe. These events are designed for Finance professionals seeking to deliver stronger business insight to their organizations. Apart from being a great networking opportunity, we focus on sharing a lot of best-practice knowledge. Customers share their stories. And IBM also bring […]

  • 3 ways to analyze and communicate Forecast Accuracy

    Analyzing Forecast Accuracy What’s the best kept secret in your company? Well, hopefully not your forecast accuracy numbers? Forecast accuracy should not be a calculation that happens behind closed doors. But the numbers should be communicated and analyzed to be really useful. Here are three ways you can communicate and analyze your numbers: The table […]

  • 4 additional things to know about Forecast Accuracy

    How is your forecast accuracy measurement project going? I hope the last post convinced you to start measuring this. But there are still some open questions. Let’s take a look at some critical items that you should consider. TIME SPAN One of the things people often get confused about is the type of forecast accuracy […]

  • Three things every controller should know about forecast accuracy

    Forecast Accuracy Forecast accuracy is one of those strange things: most people agree that it should be measured, yet hardly anybody does it. And the crazy thing is that it is not all that hard. If you utilize a planning tool like IBM Cognos TM1, Cognos Planning or any other package, the calculations are merely […]