pacemaker.ai by thyssenkrupp’s Post

Why Excel is the Silent Killer of Accurate Demand Forecasting 📊 Are spreadsheets holding your demand forecasting back? While #Excel is familiar, it struggles to address modern complexities like real-time market changes, nonlinear trends, and the integration of diverse data sources. Our latest blog explores the evolution of forecasting methods — from classic techniques to cutting-edge AI — and why upgrading your tools can transform your planning process. An Overview of Forecasting Techniques 🔍 - Classic Methods: Examples include Exponential Smoothing and Linear Regression. - Advanced Methods: These encompass Machine Learning, Deep Learning, and Bayesian Models. - Future Trends: Innovations such as AI, IoT, and Streaming Analytics are shaping the future. Why It Matters ⁉️ Modern forecasting methods unlock deeper insights, greater accuracy, and the ability to adapt to ever-changing markets. While Excel lays the groundwork, transitioning to advanced and future-ready methods gives businesses a competitive edge. Explore the full breakdown of methods and their applications in our latest blog: 👉 https://lnkd.in/e_Fc2874 #DemandForecasting #DataAnalytics #MachineLearning #ForecastingTrends #AIinBusiness #PredictiveAnalytics #DataDriven

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