Download or read book Data Science for Supply Chain Forecasting written by Nicolas Vandeput and published by Walter de Gruyter GmbH & Co KG. This book was released on 2021-03-22 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using data science in order to solve a problem requires a scientific mindset more than coding skills. Data Science for Supply Chain Forecasting, Second Edition contends that a true scientific method which includes experimentation, observation, and constant questioning must be applied to supply chains to achieve excellence in demand forecasting. This second edition adds more than 45 percent extra content with four new chapters including an introduction to neural networks and the forecast value added framework. Part I focuses on statistical "traditional" models, Part II, on machine learning, and the all-new Part III discusses demand forecasting process management. The various chapters focus on both forecast models and new concepts such as metrics, underfitting, overfitting, outliers, feature optimization, and external demand drivers. The book is replete with do-it-yourself sections with implementations provided in Python (and Excel for the statistical models) to show the readers how to apply these models themselves. This hands-on book, covering the entire range of forecasting—from the basics all the way to leading-edge models—will benefit supply chain practitioners, forecasters, and analysts looking to go the extra mile with demand forecasting. Events around the book Link to a De Gruyter Online Event in which the author Nicolas Vandeput together with Stefan de Kok, supply chain innovator and CEO of Wahupa; Spyros Makridakis, professor at the University of Nicosia and director of the Institute For the Future (IFF); and Edouard Thieuleux, founder of AbcSupplyChain, discuss the general issues and challenges of demand forecasting and provide insights into best practices (process, models) and discussing how data science and machine learning impact those forecasts. The event will be moderated by Michael Gilliland, marketing manager for SAS forecasting software: https://youtu.be/1rXjXcabW2s

Download or read book Forecasting principles and practice written by Rob J Hyndman and published by OTexts. This book was released on 2018-05-08 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Forecasting is required in many situations. Stocking an inventory may require forecasts of demand months in advance. Telecommunication routing requires traffic forecasts a few minutes ahead. Whatever the circumstances or time horizons involved, forecasting is an important aid in effective and efficient planning. This textbook provides a comprehensive introduction to forecasting methods and presents enough information about each method for readers to use them sensibly.

Download or read book Extreme Weather Forecasting written by Marina Astitha and published by Elsevier. This book was released on 2022-10-11 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extreme Weather Forecasting reviews current knowledge about extreme weather events, including key elements and less well-known variables to accurately forecast them. The book covers multiple temporal scales as well as components of current weather forecasting systems. Sections cover case studies on successful forecasting as well as the impacts of extreme weather predictability, presenting a comprehensive and model agnostic review of best practices for atmospheric scientists and others who utilize extreme weather forecasts. Reviews recent developments in numerical prediction for better forecasting of extreme weather events Covers causes and mechanisms of high impact extreme events and how to account for these variables when forecasting Includes numerous case studies on successful forecasting, outlining why they worked

Download or read book Superforecasting written by Philip E. Tetlock and published by Crown. This book was released on 2015-09-29 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BESTSELLER • NAMED ONE OF THE BEST BOOKS OF THE YEAR BY THE ECONOMIST “The most important book on decision making since Daniel Kahneman's Thinking, Fast and Slow.”—Jason Zweig, The Wall Street Journal Everyone would benefit from seeing further into the future, whether buying stocks, crafting policy, launching a new product, or simply planning the week’s meals. Unfortunately, people tend to be terrible forecasters. As Wharton professor Philip Tetlock showed in a landmark 2005 study, even experts’ predictions are only slightly better than chance. However, an important and underreported conclusion of that study was that some experts do have real foresight, and Tetlock has spent the past decade trying to figure out why. What makes some people so good? And can this talent be taught? In Superforecasting, Tetlock and coauthor Dan Gardner offer a masterwork on prediction, drawing on decades of research and the results of a massive, government-funded forecasting tournament. The Good Judgment Project involves tens of thousands of ordinary people—including a Brooklyn filmmaker, a retired pipe installer, and a former ballroom dancer—who set out to forecast global events. Some of the volunteers have turned out to be astonishingly good. They’ve beaten other benchmarks, competitors, and prediction markets. They’ve even beaten the collective judgment of intelligence analysts with access to classified information. They are "superforecasters." In this groundbreaking and accessible book, Tetlock and Gardner show us how we can learn from this elite group. Weaving together stories of forecasting successes (the raid on Osama bin Laden’s compound) and failures (the Bay of Pigs) and interviews with a range of high-level decision makers, from David Petraeus to Robert Rubin, they show that good forecasting doesn’t require powerful computers or arcane methods. It involves gathering evidence from a variety of sources, thinking probabilistically, working in teams, keeping score, and being willing to admit error and change course. Superforecasting offers the first demonstrably effective way to improve our ability to predict the future—whether in business, finance, politics, international affairs, or daily life—and is destined to become a modern classic.

Download or read book Flood Forecasting written by Thomas E. Adams and published by Academic Press. This book was released on 2016-04-04 with total page 485 pages. Available in PDF, EPUB and Kindle. Book excerpt: Flood Forecasting: A Global Perspective describes flood forecast systems and operations as they currently exist at national and regional centers around the globe, focusing on the technical aspects of flood forecast systems. This book includes the details of data flow, what data is used, quality control, the hydrologic and hydraulic models used, and the unique problems of each country or system, such as glacial dam failures, ice jams, sparse data, and ephemeral streams and rivers. Each chapter describes the system, including details about its strengths and weaknesses, and covers lessons learned. This helpful resource facilitates sharing knowledge that will lead to improvements of existing systems and provides a valuable reference to those wishing to develop new forecast systems by drawing on best practices. Covers global systems allowing readers to see a worldwide perspective with different approaches used by existing flood forecast systems Provides historical coverage allowing readers to understand why forecast systems have developed as they have and to see how specific systems have dealt with common problems encountered Presents a vision of what appears to be the future of hydrologic forecasting and difficulties facing hydrologic forecasting Provides a helpful resource to facilitate improvements to existing systems based on a best practices approach

Download or read book Mountain Weather Research and Forecasting written by Fotini K. Chow and published by Springer Science & Business Media. This book was released on 2012-08-30 with total page 760 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides readers with a broad understanding of the fundamental principles driving atmospheric flow over complex terrain and provides historical context for recent developments and future direction for researchers and forecasters. The topics in this book are expanded from those presented at the Mountain Weather Workshop, which took place in Whistler, British Columbia, Canada, August 5-8, 2008. The inspiration for the workshop came from the American Meteorological Society (AMS) Mountain Meteorology Committee and was designed to bridge the gap between the research and forecasting communities by providing a forum for extended discussion and joint education. For academic researchers, this book provides some insight into issues important to the forecasting community. For the forecasting community, this book provides training on fundamentals of atmospheric processes over mountainous regions, which are notoriously difficult to predict. The book also helps to provide a better understanding of current research and forecast challenges, including the latest contributions and advancements to the field. The book begins with an overview of mountain weather and forecasting chal- lenges specific to complex terrain, followed by chapters that focus on diurnal mountain/valley flows that develop under calm conditions and dynamically-driven winds under strong forcing. The focus then shifts to other phenomena specific to mountain regions: Alpine foehn, boundary layer and air quality issues, orographic precipitation processes, and microphysics parameterizations. Having covered the major physical processes, the book shifts to observation and modelling techniques used in mountain regions, including model configuration and parameterizations such as turbulence, and model applications in operational forecasting. The book concludes with a discussion of the current state of research and forecasting in complex terrain, including a vision of how to bridge the gap in the future.

Download or read book Ecological Forecasting written by Michael C. Dietze and published by Princeton University Press. This book was released on 2017-05-30 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: An authoritative and accessible introduction to the concepts and tools needed to make ecology a more predictive science Ecologists are being asked to respond to unprecedented environmental challenges. How can they provide the best available scientific information about what will happen in the future? Ecological Forecasting is the first book to bring together the concepts and tools needed to make ecology a more predictive science. Ecological Forecasting presents a new way of doing ecology. A closer connection between data and models can help us to project our current understanding of ecological processes into new places and times. This accessible and comprehensive book covers a wealth of topics, including Bayesian calibration and the complexities of real-world data; uncertainty quantification, partitioning, propagation, and analysis; feedbacks from models to measurements; state-space models and data fusion; iterative forecasting and the forecast cycle; and decision support. Features case studies that highlight the advances and opportunities in forecasting across a range of ecological subdisciplines, such as epidemiology, fisheries, endangered species, biodiversity, and the carbon cycle Presents a probabilistic approach to prediction and iteratively updating forecasts based on new data Describes statistical and informatics tools for bringing models and data together, with emphasis on: Quantifying and partitioning uncertainties Dealing with the complexities of real-world data Feedbacks to identifying data needs, improving models, and decision support Numerous hands-on activities in R available online

Download or read book Principles of Forecasting written by J.S. Armstrong and published by Springer Science & Business Media. This book was released on 2001 with total page 880 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook summarises knowledge from experts and empirical studies. It provides guidelines that can be applied in fields such as economics, sociology, and psychology. Includes a comprehensive forecasting dictionary.

Download or read book Scientific Forecasting written by Karl G. Karsten and published by . This book was released on 1931 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Forecasting in the Social and Natural Sciences written by Kenneth C. Land and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social and natural scientists often are called upon to produce, or participate, in the pro duction of forecasts. This volume assembles essays that (a) describe the organizational and political context of applied forecasting, (b) review the state-of-the-art for many fore casting models and methods, and (c) discuss issues of predictability, the implications of forecaSt errors, and model construction, linkage and verification. The essays should be of particular interest to social and natural scientists concerned with forecasting large-scale systems. This project had its origins in discussions of social forecasts and forecasting method ologies initiated a few years ago by several social and natural science members of the Social Science Research Council's Committee on Social Indicators. It became appar ent in these discussions that certain similar problems were confronted in forecasting large-scale systems-be they social or natural. In response, the Committee hypothesized that much could be learned through more extended and systematic interchanges among social and natural scientists focusing on the formal methodologies applied in forecasting. To put this conjecture to the test, the Committee sponsored a conference at the National Center for Atmospheric Research in Boulder, Colorado, on June 10-13, 1984, on forecasting in the social and natural sciences. The conference was co-chaired by Committee members Kenneth C. Land and Stephen H. Schneider representing, respectively, the social and natural science mem bership of the Committee. Support for the conference was provided by a grant to the Council from the Division of Social and Economic Science of the National Science Foundation.

Download or read book Solar Energy Forecasting and Resource Assessment written by Jan Kleissl and published by Academic Press. This book was released on 2013-06-25 with total page 503 pages. Available in PDF, EPUB and Kindle. Book excerpt: Solar Energy Forecasting and Resource Assessment is a vital text for solar energy professionals, addressing a critical gap in the core literature of the field. As major barriers to solar energy implementation, such as materials cost and low conversion efficiency, continue to fall, issues of intermittency and reliability have come to the fore. Scrutiny from solar project developers and their financiers on the accuracy of long-term resource projections and grid operators’ concerns about variable short-term power generation have made the field of solar forecasting and resource assessment pivotally important. This volume provides an authoritative voice on the topic, incorporating contributions from an internationally recognized group of top authors from both industry and academia, focused on providing information from underlying scientific fundamentals to practical applications and emphasizing the latest technological developments driving this discipline forward. The only reference dedicated to forecasting and assessing solar resources enables a complete understanding of the state of the art from the world’s most renowned experts. Demonstrates how to derive reliable data on solar resource availability and variability at specific locations to support accurate prediction of solar plant performance and attendant financial analysis. Provides cutting-edge information on recent advances in solar forecasting through monitoring, satellite and ground remote sensing, and numerical weather prediction.

Download or read book Forecasting Demand and Supply of Doctoral Scientists and Engineers written by National Research Council and published by National Academies Press. This book was released on 2000-08-31 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is the summary of a workshop conducted by the National Research Council in order to learn from both forecast makers and forecast users about improvements that can be made in understanding the markets for doctoral scientists and engineers. The workshop commissioned papers examined (1) the history and problems with models of demand and supply for scientists and engineers, (2) objectives and approaches to forecasting models, (3) margins of adjustment that have been neglected in models, especially substitution and quality, (4) the presentation of uncertainty, and (5) whether these forecasts of supply and demand are worthwhile, given all their shortcomings. The focus of the report was to provide guidance to the NSF and to scholars in this area on how models and the forecasts derived from them might be improved, and what role NSF should play in their improvement. In addition, the report examined issues of reporting forecasts to policymakers.

Download or read book Predicting the Weather written by Katharine Anderson and published by University of Chicago Press. This book was released on 2010-11-15 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Victorian Britain, with its maritime economy and strong links between government and scientific enterprises, founded an office to collect meteorological statistics in 1854 in an effort to foster a modern science of the weather. But as the office turned to prediction rather than data collection, the fragile science became a public spectacle, with its forecasts open to daily scrutiny in the newspapers. And meteorology came to assume a pivotal role in debates about the responsibility of scientists and the authority of science. Studying meteorology as a means to examine the historical identity of prediction, Katharine Anderson offers here an engrossing account of forecasting that analyzes scientific practice and ideas about evidence, the organization of science in public life, and the articulation of scientific values in Victorian culture. In Predicting the Weather, Anderson grapples with fundamental questions about the function, intelligibility, and boundaries of scientific work while exposing the public expectations that shaped the practice of science during this period. A cogent analysis of the remarkable history of weather forecasting in Victorian Britain, Predicting the Weather will be essential reading for scholars interested in the public dimensions of science.

Download or read book The Will to Predict written by Eglė Rindzevičiūtė and published by Cornell University Press. This book was released on 2023-05-15 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Will to Predict, Eglė Rindzevičiūtė demonstrates how the logic of scientific expertise cannot be properly understood without knowing the conceptual and institutional history of scientific prediction. She notes that predictions of future population, economic growth, environmental change, and scientific and technological innovation have shaped much of twentieth and twenty-first-century politics and social life, as well as government policies. Today, such predictions are more necessary than ever as the world undergoes dramatic environmental, political, and technological change. But, she asks, what does it mean to predict scientifically? What are the limits of scientific prediction and what are its effects on governance, institutions, and society? Her intellectual and political history of scientific prediction takes as its example twentieth-century USSR. By outlining the role of prediction in a range of governmental contexts, from economic and social planning to military strategy, she shows that the history of scientific prediction is a transnational one, part of the history of modern science and technology as well as governance. Going beyond the Soviet case, Rindzevičiūtė argues that scientific predictions are central for organizing uncertainty through the orchestration of knowledge and action. Bridging the fields of political sociology, organization studies, and history, The Will to Predict considers what makes knowledge scientific and how such knowledge has impacted late modern governance.

Download or read book Data Science for Supply Chain Forecasting written by Nicolas Vandeput and published by Walter de Gruyter GmbH & Co KG. This book was released on 2021-03-22 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using data science in order to solve a problem requires a scientific mindset more than coding skills. Data Science for Supply Chain Forecasting, Second Edition contends that a true scientific method which includes experimentation, observation, and constant questioning must be applied to supply chains to achieve excellence in demand forecasting. This second edition adds more than 45 percent extra content with four new chapters including an introduction to neural networks and the forecast value added framework. Part I focuses on statistical "traditional" models, Part II, on machine learning, and the all-new Part III discusses demand forecasting process management. The various chapters focus on both forecast models and new concepts such as metrics, underfitting, overfitting, outliers, feature optimization, and external demand drivers. The book is replete with do-it-yourself sections with implementations provided in Python (and Excel for the statistical models) to show the readers how to apply these models themselves. This hands-on book, covering the entire range of forecasting—from the basics all the way to leading-edge models—will benefit supply chain practitioners, forecasters, and analysts looking to go the extra mile with demand forecasting. Events around the book Link to a De Gruyter Online Event in which the author Nicolas Vandeput together with Stefan de Kok, supply chain innovator and CEO of Wahupa; Spyros Makridakis, professor at the University of Nicosia and director of the Institute For the Future (IFF); and Edouard Thieuleux, founder of AbcSupplyChain, discuss the general issues and challenges of demand forecasting and provide insights into best practices (process, models) and discussing how data science and machine learning impact those forecasts. The event will be moderated by Michael Gilliland, marketing manager for SAS forecasting software: https://youtu.be/1rXjXcabW2s

Download or read book Scientific Forecasting written by Karl G. Karsten and published by . This book was released on 1931 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inventory Optimization written by Nicolas Vandeput and published by Walter de Gruyter GmbH & Co KG. This book was released on 2020-08-24 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book . . . Nicolas Vandeput hacks his way through the maze of quantitative supply chain optimizations. This book illustrates how the quantitative optimization of 21st century supply chains should be crafted and executed. . . . Vandeput is at the forefront of a new and better way of doing supply chains, and thanks to a richly illustrated book, where every single situation gets its own illustrating code snippet, so could you. --Joannes Vermorel, CEO, Lokad Inventory Optimization argues that mathematical inventory models can only take us so far with supply chain management. In order to optimize inventory policies, we have to use probabilistic simulations. The book explains how to implement these models and simulations step-by-step, starting from simple deterministic ones to complex multi-echelon optimization. The first two parts of the book discuss classical mathematical models, their limitations and assumptions, and a quick but effective introduction to Python is provided. Part 3 contains more advanced models that will allow you to optimize your profits, estimate your lost sales and use advanced demand distributions. It also provides an explanation of how you can optimize a multi-echelon supply chain based on a simple—yet powerful—framework. Part 4 discusses inventory optimization thanks to simulations under custom discrete demand probability functions. Inventory managers, demand planners and academics interested in gaining cost-effective solutions will benefit from the "do-it-yourself" examples and Python programs included in each chapter. Events around the book Link to a De Gruyter Online Event in which the author Nicolas Vandeput together with Stefan de Kok, supply chain innovator and CEO of Wahupa; Koen Cobbaert, Director in the S&O Industry practice of PwC Belgium; Bram Desmet, professor of operations & supply chain at the Vlerick Business School in Ghent; and Karl-Eric Devaux, Planning Consultant, Hatmill, discuss about models for inventory optimization. The event will be moderated by Eric Wilson, Director of Thought Leadership for Institute of Business Forecasting (IBF): https://youtu.be/565fDQMJEEg