Does your business deal with a volatile market? Our forecasts can help you with demand, supply & inventory planning, sales predictions, spotting trends and seasonality, to name a few. Staying ahead of the curve makes all the difference in dynamic businesses such as yours. Let us crunch your data and give you the competitive edge!
Time Series Forecasting is a commonly used alternative, to be compared with the demand/sales predictions made by an organization’s planning department. Using this technique with the historic data, the degree of divergence of the predicted figures and the forecast figures from the actual figures is found. This invariably prepares you better to meet demands.
Time Series models are flexible in terms of making fairly accurate predictions, for both seasonal and non-seasonal businesses. In contrast with a Machine Learning model, a Time Series model specifically predicts the value of a variable at a given time, taking history into account.
With subtle modifications and occasional retraining, Time Series Models work well in forecasting figures against time, throughout the year. Knowing how much inventory to stock up for the coming sale season or forecasting the sales figure for a few upcoming quarters, could help grow your business and utilize your organization’s resources to the best. We can be of immense value here!
