For example, forecasting sales of emerging products which have little or no sales history must rely on more judgmental techniques. As the product becomes more mature and more data is available, simple ...

In the fast-paced world of energy-exploration technology, companies are constantly on the lookout for innovative strategies to help them stay ahead of market dynamics. For one global energy company, ...

Dependence on Data and Disregard for Causal Connections. Because data is required to build a statistical model, if no data is available, then no model can be built. As a result, statistical models ...