Forecasting uncertainty at Airbnb
O'Reilly on Data
MARCH 28, 2019
Theresa Johnson outlines the AI powering Airbnb’s metrics forecasting platform. Continue reading Forecasting uncertainty at Airbnb.
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O'Reilly on Data
MARCH 28, 2019
Theresa Johnson outlines the AI powering Airbnb’s metrics forecasting platform. Continue reading Forecasting uncertainty at Airbnb.
O'Reilly on Data
MARCH 27, 2019
Forecasting uncertainty at Airbnb. Theresa Johnson outlines the AI powering Airbnb’s metrics forecasting platform. Watch " Forecasting uncertainty at Airbnb.". Watch " Winners of the Strata Data Awards 2019.".
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The Unofficial Google Data Science Blog
DECEMBER 4, 2019
ln this post he describes where and how having “humans in the loop” in forecasting makes sense, and reflects on past failures and successes that have led him to this perspective. Our team does a lot of forecasting. It also owns Google’s internal time series forecasting platform described in an earlier blog post.
AWS Big Data
AUGUST 7, 2023
Many businesses use different software tools to analyze historical data and past patterns to forecast future demand and trends to make more accurate financial, marketing, and operational decisions. Forecasting acts as a planning tool to help enterprises prepare for the uncertainty that can occur in the future.
CIO Business Intelligence
FEBRUARY 20, 2025
This is due, on the one hand, to the uncertainty associated with handling confidential, sensitive data and, on the other hand, to a number of structural problems. Solid reporting provides transparent, consistent and combined HR metrics essential for strategic planning, risk management and the management of HR measures.
CIO Business Intelligence
SEPTEMBER 20, 2023
They are afraid of failure and the uncertainty of knowledge work, and so that’s stressful. Agile is an amazing risk management tool for managing uncertainty, but that’s not always obvious.” The key is recognizing that planning must be an agile discipline, not a standalone activity performed independently of agile teams.
CIO Business Intelligence
SEPTEMBER 22, 2022
This echoes some existing sentiment, especially around D&I, for instance, but the discipline of success lies in not only thinking 10 years ahead but also walking it back to the present to account for progress—a model that has given the IFTF a consistent track record of successfully forecasting futures. “I
Smart Data Collective
FEBRUARY 14, 2023
Last year, Xiafei Li and his two colleagues in China published a study in the Annals of Operations Research on the ability to forecast stock market volatility with predictive analytics models. Therefore, these metrics are likely to be used by most predictive analytics tools used to ascertain risk.
Jet Global
OCTOBER 21, 2020
Companies use forecasting to make critical investments, plan for covenant compliance, and even decide on future mergers and acquisitions (M&A) strategies. Furthermore, obtaining organisational consensus on a forecast can be as difficult as getting the organisation to contribute to the planning process in the first place.
Jet Global
OCTOBER 8, 2020
Not only have finance teams had to close companies’ books remotely, but they’ve also been required to provide the insight and information needed for some extremely complex decision-making, and continuously plan and forecast for events with little or no historical context.
Jet Global
MAY 11, 2021
By a significant margin, respondents identified financial planning and analysis (66%) as the finance team’s main responsibility, followed by its key elements of financial modeling (56%) and budget and forecasting (48%). COVID-19 Response & Economic Recovery Indicators. Visit insightsoftware.com for more information.
Jet Global
APRIL 27, 2020
In just a few short weeks, many companies’ sales forecasts have been rendered obsolete. Frequent updates based on real-time data provide an up-to-the-minute view of key metrics. Clear visibility to key metrics keeps the team focused and encourages clear, concise daily communication. Forecast Early and Often.
Jet Global
MARCH 27, 2020
Now that every industry is facing a prolonged period of uncertainty, having access to accurate, up-to-date information is more critical than ever. With so much uncertainty on the horizon, everyone in the construction industry needs to be at the top of their game , especially in terms of finance and accounting. Bonding Capacity.
CIO Business Intelligence
MAY 4, 2022
He says organizations are looking to automate, streamline operations, and reduce costs to help deal with an unsettled labor market, worker shortages, inflation, and geopolitical uncertainty. Those tech investments in turn enable them to redeploy their scarce (and increasingly more costly) workers to higher-value tasks.
bridgei2i
JULY 8, 2020
This is probably the first time ever that we are witnessing a demand, a supply, and also a resource uncertainty. In the short run, this means they have to get their demand forecast right. Effectiveness, which is, how can any form of digital information help us drive business metrics. These are strange times.
The Unofficial Google Data Science Blog
APRIL 19, 2021
To explain, let’s borrow a quote from Nate Silver’s The Signal and the Noise : One of the most important tests of a forecast — I would argue that it is the single most important one — is called calibration. If, over the long run, it really did rain about 40 percent of the time, that means your forecasts were well calibrated.
CIO Business Intelligence
APRIL 12, 2023
While customers worried about the uncertainty of orders being filled, customer service representatives were required to navigate through 10 different systems and data sources for answers. Forecast accuracy has improved by almost 10%, as well. “We At times, it took days for customers to receive a reply.
Alation
OCTOBER 26, 2021
These include missing out on new revenue opportunities, poorly forecasting performance, and making bad investments. The glossary includes the definition of the metric and can point to the specific table containing the formula from which it is calculated. In contrast, only 36% of organizations with a weak data culture can say the same.
Domino Data Lab
JUNE 2, 2019
Clearly, when we work with data and machine learning, we’re swimming in those waters of decision-making under uncertainty. Then calculate the variance divided by the mean to construct a metric for noise in decision-making. For kicks, try calculating this kind of metric within your own organization. Worse than flipping a coin!
bridgei2i
APRIL 20, 2020
So, the COVID 19 outbreak seems to have impacted the world on an unprecedented scale, and everyone is grappling with the environment of uncertainty that it has created. Always a pleasure to talk to you. Anushruti: Likewise. What are your observations around the impact and how people are dealing with it?
Jet Global
SEPTEMBER 10, 2020
Living through periods of rapid upheaval and uncertainty, like the recent pandemic, forces us to adapt quickly to new working practices. Forward-looking enterprises that are achieving better outcomes have already quickly reworked forecasts on supply chains, materials, and costs. Navigating Your Transition to xP&A.
Jedox
AUGUST 20, 2020
But as the current market uncertainty continues, CFOs need to refresh their approach to achieving cash and cost transparency. With a single data repository, their data and assumptions can help CFOs and senior management to stop reacting to P&L metric movements. Let’s look at three steps on how to achieve that. Conclusion.
Insight
FEBRUARY 19, 2020
Photo by Roberto Nickson on Unsplash Much effort has been spent understanding and forecasting the success of movies (e.g., Building Models to Predict Movie Profitability Here I use profitability as the metric of success for a film and define profitability as the return on investment (ROI). ROI = Profit/Budget).
Jet Global
NOVEMBER 16, 2021
Logistics KPIs can measure a variety of metrics, most of which pertain to purchasing, warehousing, transportation, delivery of goods, and financials. Logistics KPIs can measure a variety of metrics, most of which pertain to purchasing, warehousing, transportation, delivery of goods, and financials. How to Build Useful KPI Dashboards.
Jet Global
FEBRUARY 2, 2023
Due to the Infrastructure Investment and Jobs Act of 2022 in the United States, nonresidential construction is expected to continue expanding despite expected uncertainty in 2023. The Construction Products Association’s (CPA) Autumn Forecast predicts the construction market in the UK will fall by 3.9% trillion worldwide by 2030.
Jet Global
OCTOBER 4, 2021
You measure it using three common financial metrics, namely, days of inventory (DOI), days of payables (DOP), and days sales outstanding (DSO). Although this may seem more like a financial metric, the cash to cash cycle time says a great deal about the efficiency of your supply chain management practices. #2. Perfect Order Rate.
Jet Global
NOVEMBER 7, 2023
If any one word could encapsulate 2023, it would be “uncertainty.” The need for greater efficiency and more accurate forecasting led CFOs to re-evaluate the tools and processes on hand and their ability to overcome skills shortages and drive agility.
Jet Global
NOVEMBER 10, 2021
Enterprise planning is transformational; it’s not just a new and improved method for business planning, but rather, a seed for cultural change that aligns organizational resources around a common set of goals, objectives, and metrics. Begin With the (Strategic) End in Mind. In enterprise planning, follow-through is equally critical.
Jet Global
JULY 14, 2022
CFO is also a useful metric when you want to segregate sales from cash received due to normal operations. Cash Flow Forecast. Your cash flow forecast, the ultimate goal of cash flow planning, represents cash flow for your company in a given future time period, usually 12 months. It boosts revenue and earnings.
Jet Global
MAY 24, 2022
Businesses around the globe are struggling to do more with less as budgets tighten, uncertainty looms, and talented workers can be scarce. Imagine that you want to look at sales forecasts, the current sales pipeline, year-to-date sales and prior years’ sales to understand how the company is performing relative to committed targets.
Jet Global
DECEMBER 22, 2021
This may be the result of fairly predictable seasonal changes, uncertainty with respect to future sales volumes, or potential disruptions that could impact the business. In other words, it’s important to establish metrics that will indicate whether or not the plan is on track to succeed. Monitor and Adjust.
Jet Global
SEPTEMBER 1, 2023
The Impact of Economic Pressure According to Trimble Viewpoint’s Quarterly Construction Metrics Index for the first quarter of 2023, there has been a 25% decline year-over-year in contract value in North America. Market uncertainty is another important factor explaining this decline.
Jet Global
MARCH 22, 2023
Generate custom reports based on key metrics and strategic goals for your company. They need to closely monitor the tax environment to recognize both potential challenges and opportunities and to remain agile in the face of uncertainty.” Integrate with Excel to retain tax agility while improving your day-to-day capabilities.
CIO Business Intelligence
JANUARY 23, 2025
That uncertainty creates a challenge for risk-averse companies that must work within budget constraints. Costs that fluctuate in ways even a CFO using advanced data-driven strategy cant fully forecast, thats a massive threat to solvency and can derail the core competencies these executives must protect, he says.
Jet Global
MARCH 28, 2025
They will not see any impact on the doctor’s prescription, as they are tracking the wrong metrics. Occupancy rate is a key metric that indicates the percentage of available rooms occupied over a specific period. These metrics gauge how well the establishment meets guest expectations, and influences repeat business and referrals.
Jet Global
MARCH 17, 2025
These inefficiencies make it difficult to align financial forecasts with real-time business conditions, leaving organizations reactive rather than proactive in their strategic planning. In fact, 82% of finance professionals cite poor data management and integration as the biggest challenge to financial reporting, forecasting, and compliance.
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