New Forecasting Technology FAQ

Joannes Vermorel

Lately, we realized that the page detailing our forecasting technology was somewhat vague concerning under-the-hood aspects such as seasonality, trend, product life-cycle, promotions, … Hence we have just posted a new extensive Forecasting Technology FAQ.

Questions and Answers

• Nuts and bolts
  • How accurate are your forecasts?
  • Forecasting competitions, do you have any academic validation of your technology?
  • Do you evaluate the accuracy of your forecasts?
• General patterns
  • Macro trends (ex: financial crisis), how are they handled?
  • Seasonality, trend, how is it handled?
  • Promotions, how are they handled?
  • Product Life Cycles and product launches, how are they handled?
  • Intermittent / low volume products, how are they handled?
  • Cannibalization, how are they handled?
  • Weather, how is it handled?
• Demand artifacts
  • Lost sales caused by stock-outs, how are they handled?
  • Exceptional sales, how are they handled?
  • Aggregation, top-down or bottom-up?

Obviously, we are barely scratching the surface here. Don’t hesitate to post your own questions, we will do our best to address them as well.