Multilevel forecasting improves corporate planning and operations

    Research output: Contribution to journalArticleProfessional

    Abstract

    Forecasting involves estimating future values for a process that is at least partially uncontrollable. Examples range from weather to election results and stock prices. An important subfield of forecasting is sales forecasting, where one tries to forecast the sales of products usually targeted to the consumer market. Although different actors in the supply chain -producers, wholesale companies and retail companies - all have ways of affecting the sales such as marketing and pricing, important uncertainty factors remain due to eg consumer behavior and the actions of competitors.
    Original languageEnglish
    Article number36
    JournalERCIM News
    Issue number38
    Publication statusPublished - 1999
    MoE publication typeD1 Article in a trade journal

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    Corporate planning
    Competitors
    Supply chain
    Marketing
    Uncertainty
    Factors
    Elections
    Consumer markets
    Retail
    Sales forecasting
    Weather
    Consumer behaviour
    Stock prices
    Pricing

    Cite this

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    title = "Multilevel forecasting improves corporate planning and operations",
    abstract = "Forecasting involves estimating future values for a process that is at least partially uncontrollable. Examples range from weather to election results and stock prices. An important subfield of forecasting is sales forecasting, where one tries to forecast the sales of products usually targeted to the consumer market. Although different actors in the supply chain -producers, wholesale companies and retail companies - all have ways of affecting the sales such as marketing and pricing, important uncertainty factors remain due to eg consumer behavior and the actions of competitors.",
    author = "Ilkka Karanta",
    year = "1999",
    language = "English",
    journal = "ERCIM News",
    issn = "0926-4981",
    number = "38",

    }

    Multilevel forecasting improves corporate planning and operations. / Karanta, Ilkka.

    In: ERCIM News, No. 38, 36, 1999.

    Research output: Contribution to journalArticleProfessional

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    AB - Forecasting involves estimating future values for a process that is at least partially uncontrollable. Examples range from weather to election results and stock prices. An important subfield of forecasting is sales forecasting, where one tries to forecast the sales of products usually targeted to the consumer market. Although different actors in the supply chain -producers, wholesale companies and retail companies - all have ways of affecting the sales such as marketing and pricing, important uncertainty factors remain due to eg consumer behavior and the actions of competitors.

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    JF - ERCIM News

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