Methodically Forecasting Performance
Forecasting Oracle performance can be just plain fun. The topics covered so far can get forecasters so excited that a kind of frenzy can result. But frenzied forecasting is dangerous and inherently risky, and risk is the very thing forecasting is supposed to help mitigate. No respectable business is going to invest in a person or group of people who are so wild-eyed and pumped on forecasting caffeine that they lack the direction, the structure, the fortitude, and the commitment to carry a serious business task to completion. The goal of this chapter is to allow you to remain wild-eyed while instilling management confidence and to responsibly forecast. It can be done.
KeywordsForecast Model Forecast Performance Residual Analysis Study Question Histogram Analysis
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