ICIS is Pleased to Announce a Webinar on the Art and Science of Forecasting

HOUSTON, Texas, July 23, 2013 /PRNewswire/ --

As part of the series of free market information ICIS provides, we will be hosting a webinar on August 1, 2013 11am CDT on the art and science of forecasting. In volatile times, having access to reliable forecasting data can make the difference between hitting your numbers or missing your budget entirely. Without accurate information, you may buy or sell product at the wrong time and price and risk reducing your margins. Join James Ray, ICIS' expert consultant, as he discusses what factors are most important to build a reliable forecasting model that can help your business stay ahead of the competition. To register for this free webinar, please follow the registration link: https://attendee.gotowebinar.com/register/480370384891840768

The webinar will cover the following topics:

• Overview of forecasting methods
• Impact of global trade flow patterns
• Demand drivers for commodities
• Market time lags and cause & effect relationships
• Complete cost models
• Selecting data for a model, maintaining and adapting it over time

After the presentation there will be a Q&A session where you will have the chance to ask questions directly from our expert consultant. If you can't make this time, you can still register and receive a link to a recording of the webinar. All participants will also receive the presentation slides.

Who should attend

• Purchasing and procurement professionals in charge of budgeting for commodity prices
• Professionals involved in the forward analysis of petrochemical supply and demand
• Planning and strategy directors who want to understand forecasting concepts to ensure their forecasts and plans are robust

About the speaker

Prior to working for ICIS, James Ray worked for private industry (primarily Capital Management) in manufacturing, converting & recycling polymers for blow molding, extrusion and injection molding as well as textiles. His focus was on improving profitability by working smarter and employing strategies for reducing raw material costs using market intelligence and benchmarking, establishing raw material contracts and aligning with commercial contracts, eliminating waste via Lean Manufacturing and implementing process improvements using Six Sigma Methodology.

About ICIS

ICIS is the world's largest petrochemical market information provider, and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have over 30 years' experience of providing pricing information, news, analysis and consultancy to buyers, sellers and analysts.

With a global staff of more than 800, ICIS has people based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. ICIS is part of Reed Business Information.

About Reed Business Information

Reed Business Information brings market leading brands to an audience of millions of decision makers worldwide through its multi-platform media of data services, online lead generation services, community websites, magazines and events. Reed Business Information is part of Reed Elsevier, a world leading provider of professional information solutions in the Science, Medical, Legal and Risk and Business sectors.

For further information about this release, please contact:

Monica Mendoza
Marketing
monica.mendoza@icis.com
+1-713-5252674