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The Perils of Third Party Data in Forecasting

Many have touted the inclusion of data from outside the firm as a way to improve forecast accuracy.  The idea is that, with the incorporation of more information to explain the demand signal, forecasts are bound to be better.  In…

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Now That Commodity Prices Are Coming Down…

After many months of angst about rapidly rising commodity prices, indications are that they are coming back down.  This presents an opportunity for a data-driven business that uses advanced analytics.  Though there is pain in operating a supply chain under…

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Machine Learning and Demand Planners Unite

Back in 2016, Tom Davenport wrote a book, “Only Human’s Need Apply."  This book was focused on the notion that companies should embrace smart technologies and ensure they are well positioned to have work augmented by them, and not automated.…

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Benford’s Law at Lowe’s

I recently installed a replacement mailbox and post, so off I went to Lowe’s to shop for address number decals to affix to new mailbox. When I located the pegboard hooks holding the numbers, as a quant, I immediately noticed…

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