Forecasting has long been an essential part of OR/MS and is now making a major contribution to the fast-developing area of business analytics. Forecasts are a necessary input into almost all planning decisions, be they long- or short-term, but they are also needed in performance analysis and revenue optimization. Forecasting methods should, therefore, form an important part of all university or practitioner courses in analytics.
This year’s survey reflects changes in the software market, but it also puts greater emphasis on the requirements of the practicing forecaster. Please take a moment to learn more and take the survey:
By Robert Fildes, Oliver Schaer and Ivan Svetunkov