Unit 2: The Forecast is ‘Always’ wrong, Video 2: Demand Forecasts

  • Опубликовано: День назад

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strantheman
strantheman

Forecasting is a good thing to do, but you have to consistently update the forecast.

3 месяца назад
Communication is a Commodity +1
Communication is a Commodity

Forecasting is only as good as the variables that are being used. If you have water usage and you don't include the sales of low flow toilet seats then you will project yourself with a flawed forecast that doesn't take into consideration the consumer infrastructure improvement factor. If you neglect to include the factor of increased consumer cost or consumer conservation, then it will not effectively be in the forecasting data. There is average data but there is more or less conditional data that matters. The data and change outside of the behavior of an unexpectedly high bill and seeing the change between their prior usage and the change in their post usage gives a stronger projection in a financially squeezed environment. Same with someone who has changed their behavior to where they are more or less minimalistic and conservationalists. This results too in more accurate data for sales projections versus average data because the mean is not always the average and the average will tend to congregate towards the best solution. The outliers are the data to watch and should be used in the projections.

3 месяца назад
Eduardo +3
Eduardo

very interesting

4 месяца назад
𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩+𝟏𝟑𝟎𝟑𝟖𝟕𝟒𝟗𝟗𝟎𝟒
𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩+𝟏𝟑𝟎𝟑𝟖𝟕𝟒𝟗𝟗𝟎𝟒

☝️☝️ Tell Max I referred you to him for a business investment that will change your financial life.

3 месяца назад
JC +1
JC

Agree, things happened or not

3 месяца назад
𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩+𝟏𝟑𝟎𝟑𝟖𝟕𝟒𝟗𝟗𝟎𝟒
𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩+𝟏𝟑𝟎𝟑𝟖𝟕𝟒𝟗𝟗𝟎𝟒

☝️☝️ Tell Max I referred you to him for a business investment that will change your financial life.

3 месяца назад
Tom Zacharias +18
Tom Zacharias

Dear MIT, please provide us with real classroom lecture videos rather than just presentation videos recorded during covid.

4 месяца назад
Nutchanon Ninyawee
Nutchanon Ninyawee

This is the format optimized for video.

3 месяца назад
Tom Zacharias +1
Tom Zacharias

@Bryan Zou Bro..I dont know the real reason behind you being offended by reading my comment which in fact .. a request to MIT. Relax man. Meditate daily.

3 месяца назад
Bryan Zou +2
Bryan Zou

you should be happy mit actually bothers to post videos lol take what you get stop asking for more maybe pay and go mit to get these lessons aye?

3 месяца назад
Mike M +1
Mike M

MIT thanks for whatever you have on hand, this is all cool to get to see

3 месяца назад
Tom Zacharias
Tom Zacharias

@robcdillon Bro, No one here argues for full experience , just old classroom lecture videos which they had already recorded.

3 месяца назад
Ferdiansyah science
Ferdiansyah science

Kmow it's projects in the very difficult, i don't know. And this anytime, what, and I think you very understand what i mean. Yeah, it's very statistic, we don't know. The and we cannot.

3 месяца назад

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