Forecasting Demand in the Face of a Pandemic: Now What?

In this webinar, James Berry, Director of Training and Sarah Darin, Senior Consultant, will provide updated guidance on forecasting in the midst of a pandemic. Using real data, James and Sarah will provide an overview of the Forecast Pro methods and techniques that can help you generate more accurate forecasts as we enter a “new normal”.

0:00 Start
1:21 Introductions
2:34 Overview
4:15 Pre-pandemic forecasting process
5:40 How the pandemic has impacted your process
7:08 How U.S. businesses have been impacted across various industries
10:00 Variability in forecasts across different geographies
13:16 Summary - How the Pandemic has impacted forecasting processes
14:10 How the pandemic has affected Forecast Pro's customers
17:17 Phases of the Pandemic: Beginning
18:14 Phases of the Pandemic: Middle
19:02 Phases of the Pandemic: End
26:31 Middle Phase - using judgmental overrides & weights
30:13 Strategies for Forecasting
30:59 Regression analysis
36:05 Dynamic Regression using Forecast Pro
45:54 Dynamic Regression forecasting process
47:46 Summary
49:51 Forecast Pro resources
51:49 Question 1 - Is custom allocation helpful in managing the pandemic forecasting process?
55:54 Question 2 - We are losing customers - how do we adjust our forecasts, especially when customers are being included in hierarchy level?
57:27 Question 3 - Europe is feeling the second wave of covid right now - how can you prepare forecasts with this second wave coming?
59:03 Question 4 - We are recovering from the pandemic, but how will this be weighted in 2021?
1:01:17 Conclusion
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