The M Open Forecasting Center (MOFC)

Forecasts are essential for all business decisions: from setting up appropriate inventory/service levels to credible budgets to evaluating long-term strategic investments. The first objective of the expanding field of forecasting is to offer accurate predictions contributing to the success of such decisions. Its second and, equally as important goal is to provide precise estimates of the uncertainty inherent in all predictions and how to be able to deal with the resulting risks.

Makridakis Open Forecasting Center (MOFC) conducts cutting-edge forecasting research, provides business support and training with emphasis on: achieving accurate predictions, estimating the levels of uncertainty, avoiding costly mistakes and applying best forecasting practices to businesses.

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