Forecasting, when Modelling is not the only Choice - Forecasting and Virtualization (5 of 5)

Virtualization has thrown us a lot of curve balls when it comes to forecasting. It’s a compact environment with a smaller footprint which reduces your IT costs.

It always throws up the questions how much more can I fit? How much headroom do I have?

Headroom

What is the Correct Technique?

This is the big question and which technique you choose is dependent on:

•        What the end-user is expecting.

•        Which technique gives you the best result for the question/s that have been asked.

•        How much time you have to produce a result.

Summary

To summarize my series in a few words you need to:

•        Understand what the forecast is to accomplish.

•        Know what enterprise standards dictate.

•        Ensure you have as much business and technical information as possible.

•        Trend when trends make sense.

•        Have a repeatable process.

•        Document process and assumptions.

I hope you've enjoyed my series and if you have any questions I'll be happy to answer them.

I'll be running a webinar 'Why do we model in the UK, monitor in Japan, and manage in the USA?' - don't forget to register for your place now.
http://www.metron-athene.com/services/webinars/index.html

Charles Johnson

Principal Consultant