Join us in our Masterclass:

How AI and Machine Learning are Changing Business Forecasting

Claim your seat! Program Location

Learn more about How AI and Machine Learning are Changing Business Forecasting during our comprehensive masterclass with Eric Stellwagen (CEO Forecast Pro)!

Within 3 hours you will be completely up to date!

More and more, AI and machine learning approaches are being used to perform tasks traditionally executed by human experts. In this workshop we will examine how automated AI-driven approaches are changing the role of the business forecaster.

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Date: June 6, 2024

Time: 14.00-17.00 / 2pm – 5pm

Location: Van der Valk Hotel Nuland – ‘s-Hertogenbosch
Rijksweg 25, 5391 LH NULAND

Participation fee: €95,-

The day ends with a network meeting with drinks

Who Should Attend?

This masterclass is ideal for business analysts, Supply Chain proffesionals, data scientists, and professionals involved in strategic planning and forecasting. Whether you are new to AI and ML or looking to deepen your expertise, this masterclass offers valuable insights and practical skills.

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Don’t miss this opportunity to learn from the best and network with like-minded professionals. Register now to reserve your place in this cutting-edge masterclass.


Masterclass How AI and Machine Learning are Changing Business Forecasting


Program “How AI and Machine Learning are Changing Business Forecasting”

What Will You Learn?

  1. The importance of input data: The adage, “Garbage in, Garbage out” is particularly true when it comes to business forecasting. In this section we will examine how the quality and quantity of the available data impacts the accuracy of your forecasts. We will also discuss the differences between forecasts created using only the demand history (univariate forecasting, also known as extrapolation) and forecasts created using multiple inputs (multivariate forecasting).
  2. The role of judgement and domain knowledge: At times, your knowledge about your business and future events (domain knowledge) can be used to improve forecast accuracy. At other times, adding judgement to a statistically-generated forecast can decrease forecast accuracy. In this section we will survey the available research on the role of judgement and stress best practices for incorporating domain knowledge into your forecasting process.
  3. AI-driven forecasting: In this section we will survey the current state of the art of AI-driven forecasting. We’ll explain the differences between “stream-of-numbers” approaches, systems that incorporate domain knowledge and systems that generate forecasts automatically but also flag items that may need further human attention.
  4. The pros and cons of machine learning: The accuracy of machine learning forecasts has improved dramatically in the last five years. Many researchers see this trend continuing and eventually becoming how all automatic forecasts are generated. In this section we will discuss the pros and cons of machine learning forecasting and contrast this new approach with more traditional statistical models.

Detailed program June 6, 2024

13.00 Reception

14.00 Introduction Eric Stellwagen & Forecast Pro

14.45 The importance of input data & The role of judgement and domain knowledge

15.45 AI-driven forecasting & The pros and cons of machine learning

16.45 Questions and wrap up

17.00 End of masterclass & start of network meeting with drinks


Location


About Eric Stellwagen

Eric Stellwagen

Eric Stellwagen is the co-founder of Business Forecast Systems, Inc. (BFS) and the co-author of the Forecast Pro software product line. With more than 30 years of expertise in the field, he regularly presents workshops and publishes on the topic of business forecasting. Eric is widely recognized as a leading educator on the subject. Drawing upon his consulting knowledge helping leading organizations to address their forecasting challenges, Eric infuses his classes with practical approaches and uses real-world data to illustrate concepts. Eric served on the board of directors of the International Institute of Forecasters (IIF) for 12 years and is currently serving on the practitioner advisory board of Foresight: The International Journal of Applied Forecasting.


About Forecast Pro

Forecast Pro is an off the-shelf forecasting package designed for business forecasters. Forecast Pro is used across virtually all industries and puts sophisticated forecasting techniques into anyone’s hands. It is powerful & accurate, yet easy-to-use and quick to implement — you can be up and running in just days, or even hours.

With Forecast Pro you can anticipate your sales process much better through insightful forecasting. It also gives you a good insight into future turnover. You can look ahead and make adjustments if the budgeted turnover threatens to not be achieved.
Forecast Pro analyzes and validates several proven forecasting methods. Research has shown that no other method works better for all your data than the one provided by Forecast Pro.

Forecast Pro is compatible with large variety of systems and software. For example ERP systems such as Oracle, SAP and Exact.

ATIM Solutions

ATIM Solutions has been working with Forecast Pro for over 15 years and is an expert in the field of forecasting and demand management and offers companies worldwide advice and support in the field of forecasting, demand planning and sales and operations planning (S&OP). In addition, we always guide our customers when purchasing forecast software.


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Masterclass How AI and Machine Learning are Changing Business Forecasting.


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