Here you will find coursework resources and videos led by renowned professors that will walk you through the basic steps to produce a forecast using various methods best suited for your data. There is also an FAQ section to help you with some of the more common questions you may encounter using the student software. If you are experiencing any issues with the installation of the software, please check the downloads section for any updates that may be needed to complete the install.Forecasting Methods and Statistics arrow_forward
Business Forecasting 6th Edition by J. Holton Wilson and Barry Keating is a book about forecasting methods. The textbook is used by managers, forecasting practitioners, and students who have a need to understand practical issues related to forecasting. The authors emphasize authentic learning of the forecasting methods that practicing forecasters have found most useful. This book is currently in use at over 60 Universities.
This edition presents a broad-based survey of business forecasting methods including subjective and objective approaches. As always, the author team of Wilson and Keating deliver practical how-to forecasting techniques, along with dozens of real world data sets while theory and math are held to a minimum.
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John Galt Solutions has developed an updated version of ForecastX to address the compatibility issues commonly experienced with running Microsoft Office 2010™ or newer.
Step 1. Be sure to uninstall the textbook version of ForecastX prior to installing the compatible version.
Step 2. You will need to know if your version of Excel is 32-bit or 64-bit. In Excel 2010 this can be found under the File menu, under Help, on the right-hand side of the screen.
Step 3. Step 3. Download the appropriate version by accessing the following link. Please enter the login information you received from your instructor. Make sure you have administrative permissions to install the software on your computer.
Step 4. Follow the installation instructions.
The only difference between the two versions is that the updated version addresses compatibility issues commonly found with Microsoft Office 2010™ or newer. There are also some slight cosmetic differences in the reporting. All other features are the same.
In Excel 2010: Open Excel > click File > Help. A window will open with three sections. On the far right side you will see the version information in the “About Microsoft Excel” section. If you are running Excel 32-bit, proceed with installing the updated version. If you are running Excel 64-bit, please follow the instructions in the following question.
In Excel 2013/Office 365: open Excel > File > Account > About Excel. A window will open with three sections. On the far right side you will see the version information in the “About Microsoft Excel” section.
Please download and run the install package corresponding to your version of Excel.
The current version (8.0) is compatible with all versions of Office through 2013, 32- and 64-bit. You only need to ensure that you download and run the ForecastX install package corresponding to your 32- or 64-bit version of Excel.
There are different reasons why you might be experiencing this issue. Please work through the following solutions first:
The Student Edition of ForecastX™ does not require you to contact John Galt Solutions for a license key, because a student license is generated for your computer during installation. Usually this message occurs if you have downloaded the software file and have not unzipped the .zip file before initializing the installation file (Setup.exe). Make sure you have extracted / unzipped the installation file before running the installation program. To do so, right-click on the file and select Extract. It is best if you choose a file location to extract the folders to that is easily accessible, such as your desktop.
Once extracted, make sure you initialize the file named Setup. If you are running the installation from the unzipped file, if you are running Windows XP™ or newer check that you have full permissions for your Windows User Account, and if you are running Windows Vista™ or Windows 7™, make sure to right click on the installation file named Setup and select “Run as Administrator”.
To run ForecastX™ on the Macintosh, you will need to have a virtualization application installed. Some of the more popular virtualization applications are Parallels, VMware and VirtualBox. If you don’t have any of these applications installed, you can download VirtualBox from https://www.virtualbox.org/wiki/Downloads for free. Once you have installed VirtualBox, you will need to install the Windows™ operating system, followed by Microsoft Office™. After you complete the setup, you can run the ForecastX installer in your new virtual environment. Most universities have license agreements with Microsoft™ that allow students to purchase Windows and MS Office™ for $10 -$20 per install. In some cases universities will allow you to download MS Office for free. Check with your local university bookstore to find out more about your university’s Microsoft™ student license agreement policy.
There are a few things to check first:
If you have already gone through the solutions above and are still experiencing issues or error messages, you can fill out a trouble ticket on our website and one of our representatives will be able to assist you within 1-2 business days. Due to higher call volume, please be sure to allow for extra time before projects, mid-terms and finals. Please be sure to have the original installation source on hand. Support is available from 8:00 AM – 5:00 PM CST, Monday through Friday.
If you are interested in an upgrade to ForecastX™ Lite or Premium editions, please contact us at firstname.lastname@example.org.
Procast is John Galt Solutions’ proprietary forecasting method that ForecastX™ uses to select the best forecasting method for your data. Procast performs one-step forecasting by choosing from complex forecasting techniques, including most time series forecasting methods, new product growth curves, and Regression models to produce fast, accurate and easy-to-read results. You can run Procast on a single data series or create an unlimited batch forecast. Once activated, Procast determines the best forecasting technique for each data series in your data set.