About us
The Lancaster Centre for Forecasting (LCF) is located at the renowned Department of Management Science at Lancaster University, with an outstanding teaching, research and publishing record (highest possible ratings) and a worldwide reputation as an international centre of excellence. Based at one of the most prestigious Management Schools and in the UK’s largest department of Management Science, it offers 15 years of expertise on the complete range of predictive analytics, from demand planning to market modelling, from statistical methods to artificial intelligence and from public sector to corporations in telecommunications, fast moving consumer goods, insurances and manufacturing.
With 8 established staff and 5+ PhD students, LCF hosts the largest research unit dedicated to forecasting in Europe. Members of the LCF also play a vital role in educating students in Operational Research and Operations Management on forecasting methods, software packages and processes as well as supervising Master’s and PhD projects with public or corporate businesses.
The LCF collaborates in over 20 corporate projects per year, routinely reducing forecasting errors by 15-20% through enhanced methods and processes. The LCF contributes to both international forecasting associations (IIF & IBF) and jointly hosts the UK Supply Chain Forecasting Network. Current research includes the design of forecasting support systems for supply chain management and the application of novel methods of artificial intelligence for automatic forecasting with enhanced accuracy and speed.
