We invite you to join us on Thursday, January 26, 2017, for a live educational Webinar presented by Eric Stellwagen, President of Business Forecast Systems, Inc.
Forecasting Weekly and Daily Data:
Practical Strategies for Better Results
Date: January 26, 2017 at 1:30 pm EST (UTC-5)
Do you find creating accurate weekly or daily forecasts to be a challenge? Perhaps you are working with weekly data and find that holidays don’t line up from year to year. Maybe you are forecasting daily data and wrestling with demand patterns based on day of the week in addition to time of year.
Fortunately, there are pragmatic solutions to many of the problems that arise when creating weekly or daily forecasts. In this educational one-hour live Webinar, Eric Stellwagen, President of Business Forecast Systems, Inc., will address several issues that arise when working with weekly and daily data. Through case studies using real data, you will learn techniques for:
- defining the calendar
- accommodating Week 53
- correcting for the number of working days
- tracking holidays
- forecasting multiple cycles (e.g., day of week and week of year)
- converting between different periodicities
Using real-world examples, Eric will demonstrate best practices in each of these critical areas. He will also demonstrate Seasonal Simplification, an innovative methodology which can substantially improve forecast accuracy when you are forecasting data with more than 12 observations per year.