Forecast Pro the Right Tool for the Job
Forecast Pro is one of the tools that answer the question, what is the right tool for the job. Sales forecasting and business planning is hard enough with using the wrong tool or forecasting software. Our clients find that Forecast Pro is the right tool at the right time for any sales forecasting or business planning. With Forecast Pro, businesses can create accurate forecasts quickly and easily using proven statistical forecasting methods. Forecast Pro Research has shown that no single method works best for all data, which is why Forecast Pro provides a complete range of forecasting approaches to address all types of business needs. Forecast Pro’s models accommodate seasonal demand, product hierarchies, product promotions, slow moving items, causal variables, outliers and much more.
Forecast Pro has many models to accommodate current business challenges, listed below is a list of some of the Forecast Pro forecasting models.
Forecast Pro Model 1: Expert Selection – Forecast Pro Expert Selection takes the guesswork out of forecasting. The built-in expert system analyzes your data, selects the appropriate forecasting technique, builds the model and calculates the forecasts—it even explains its reasoning in ordinary English
Forecast Pro Model 2: Exponential Smoothing – Forecast Pro includes twelve Holt-Winters exponential smoothing models to accommodate data with different forms of trends and seasonal patterns.
Forecast Pro Model 3: Box-Jenkins – For stable data sets, Forecast Pro supports a multiplicative seasonal Box-Jenkins model. Your Forecast Pro business model can be built completely automatically or interactively with the assistance of a full range of screen-oriented diagnostics.
Forecast Pro Model 3: Dynamic Regression – Forecast Pro Dynamic regression is used when there are important leading indicators or other causal variables. You can include independent variables, lagged or transformed variables and build generalized Cochrane-Orcutt models. Using Forecast Pro’s self-interpreting diagnostics, you can build and compare alternative models with a few clicks of the mouse.
Forecast Pro Model 4: Event Models – This extension of exponential smoothing provides adjustments for special events like promotions, strikes, moveable holidays or other irregular occurrences.
Forecast Pro Model 5 : Multiple-Level Models – Multiple-level models allow you to aggregate data into groups and reconcile them using top-down or bottom-up approaches to produce consistent forecasts at all levels of aggregation. Seasonal and event indexes can be extracted from the higher-level aggregates and applied to lower-level data.
Forecast pro works for many businesses and the best way to experience for your business is with a 30 Day trial. Click here to find out more about how a free 30 day trial can work for your business.