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

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

  PR Newswire

  HOUSTON, Texas, July 23, 2013

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, 201311am 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
  *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
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