News & Insights
Dealing in Disruption – Industry Perspectives with Mike Farrand
Farrand sees this epidemic as stirring up a more fundamental, structural change to the industry. Clues of a ‘new normal’ might reveal themselves across consumer shopping habits or packing plant operational changes. A mix in primal or middle meat demand or slowing line speeds are just two examples of indicators...
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The Beauty of Backtesting in Forecasting
In fact, every forecast will be wrong. The variable is determining how wrong it will be. When a forecasting model lacks validity, it leads to detrimental business decisions, causing more harm than good. That is where backtesting makes a difference With backtesting leading the way to stronger, more accurate forecasts,...
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Unlock Higher Frequency Crop Price Forecasts with DecisionNext – Part 1
Background The following is the first part in a two-part series detailing the methods behind DecisionNext’s techniques for modeling crop markets and their associated byproducts. This first part details the methods behind the Machine Learning (ML) forecasting methodologies at DecisionNext. Techniques for modeling crop markets Methods for analyzing agricultural crop...
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DecisionNext Announces Hal Sankey & Mike Farrand as Advisors
Sankey is a meat industry veteran who was raised on his family's ranch before serving 32 years across Cargill's Beef and Food Distribution businesses with roles in boxed beef sales, product management, and pricing. His 20 plus years in pricing included 12 years leading the beef pricing team as well...
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Natural Resources Feels the COVID-19 Pressure
As the spread of COVID-19 continues to affect businesses across the globe, major players in the mining industry are beginning to crack under the pressure. BHP fears that the coronavirus will significantly affect global supply chains. BHP is not alone in these concerns. Many other businesses within the mining industry...
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