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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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Try These Tools from the Insurance Industry

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,…

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