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What Are My Favorite Forecasting Methods?
Manage episode 327713766 series 2810825
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00:00 Intro
01:21 IBF Conferences https://ibf.org/forecasting-and-plann...
02:48 A peak inside my forecasting tool box
05:00 The types of forecasting methods available to you
08:33 How to decide which method to use - accuracy vs interpretability
12:41 The most common methods used in business forecasting
13:36 Judgmental methods: sales force, jury method, expert opinion, Delphi method
17:09 Time series forecasting: naïve, average, decomposition, exponential smoothing
23:55 Causal and relationship methods: simple linear, multiples, logistic, ratios
26:30 Machine learning: Bayesian, logistic, trees, neural networks"
28:30 Clustering: constraint, hierarchical, distribution, centroid
30:45 How to pick the best model
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