Understanding Forecastability - Not All Items Are Created Equal
IBF On Demand sponsored by Arkieva, your one-plan S&OP software. Learn more about Arkieva's innovative approach to forecasting here: http://bit.ly/business-forecastingLearn more about forecastability here: https://bit.ly/2YNAfvn01:15 Why do we assume forecast accuracy should be the same for all items?05:05 What is forecastability?06:55 Are all items forecastable? 08:20 Items are becoming increasingly unforecastable09:35 What kind of forecast error should we accept today?12:49 How to know if our items are forecastable or not18:05 Coefficient of variation and seasonality 19:45 Should we expect more error now following Covid?22:25 What to do with long tail, unforecastable SKUs27:10 Identifying causal factors in the noise29:54 How good are you at forecasting? Using Forecast Value AddSupport the showTo sign up for regular updates and the latest research, events, articles, podcasts and more from the Institute of Business Forecasting & Training, visit www.ibf.org