Ever seen a weatherman predict sunshine during a hurricane? That’s confirmation bias in forecasting. It’s far more common than you might think. We all try to find patterns in data, but sometimes we ...

The National Academies of Sciences, Engineering, and Medicine are private, nonprofit institutions that provide expert advice on some of the most pressing challenges facing the nation and world. Our ...

Analyst Insight: Effective teamwork among departments is crucial for any organization looking to thrive. By assessing their business processes, analyzing how volume and forecast bias impact decisions, ...