The sharing of techniques and methodologies across industries can produce advances in successful applications, not only for the practice of analytics as a whole, but for individual firms. Practitioners in the areas of marketing and supply chain analytics, for example,…
Companies use forecasting methods to plan for future demand using time series data. Often, these time series can be represented in a hierarchy. For example, products can be broken down to different levels of sales data. Figure 1 shows an…
The hot field of analytics is rife with hype and its associated buzzwords, such as “big data” and “data science.” Some have pointed out that, while the world fixates on big data, there are opportunities to be had with the small data…