TY - JOUR AB - The usage of formal statistical forecasting procedures has been shown in numerous studies to improve forecast accuracy and, consequently, organizational performance. However, the process of implementing and managing this technology can run into many stumbling blocks. Identifies six major organizational problems when implementing and developing formal statistical forecasting procedures. Provides solution strategies to these problems and discusses specific managerial implications. This information is important to managers in order to gain the greatest benefit from the forecasting function. VL - 95 IS - 4 SN - 0263-5577 DO - 10.1108/02635579510086689 UR - https://doi.org/10.1108/02635579510086689 AU - Sanders Nada R. PY - 1995 Y1 - 1995/01/01 TI - Managing the forecasting function T2 - Industrial Management & Data Systems PB - MCB UP Ltd SP - 12 EP - 18 Y2 - 2024/09/19 ER -