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How to Forecast Accurately: 14 Forecasting Methods using Sales History Data and Linear ProgrammingHow to forecast sales accurately? Try different forecast methods applying linear programming to sales history data. Try MM4XL Forecast Manager software tool.
|Forecast Manager software tool of MM4XL software makes projections from any sort of historical data. We refer to historical sales data because short-term sales forecast works best with sales historical data. The Forecast Manager tool of MM4XL software is enriched with the power of linear optimization, which means reaching the best solution for every fitted curve. Each forecast method is run, in seconds, hundreds or even thousands of times, every time trying new parameters. The curve that best fits the sales data is shown in a succinct but detailed report rich in charts, coefficients, and indices that highlight all aspects relevant to the forecasting manager for taking decisions. |
Forecast Manager has been written according to currently-popular MBA textbooks. It is accurate, cost-effective, easy to learn, and intended for business decision-makers. Last but not least, all computations are shown by means of common Excel formulas: we opened the Black-Box for you.
Although easy to use, Forecast manager makes available a comprehensive range of forecast methods and output reports, resulting in very accurate sales forecasts from sales history data.
The built-in option for the analysis of special events is very useful to analyse the effect of occasional events such as discounts offered for your product or by competitors.
These are the 14 forecasting methods. Each method can adapt to the trend in the data, to the seasonality pattern or to both:
Who: Forecast Manager for strategic decision-makersThe Forecast Manager tool is used by business decision-makers often supported by business analysts. Among our business decision-maker clients there are:
- General Managers and CEOs
- Business Directors
- Marketing Managers
- Sales Managers
- Business Analysts
- Marketing Analysts
- Advertising Managers
- Pricing Managers
- Quality Managers
- Product Portfolio Managers
Forecast Manager tool features:
|14 different forecasting methods accounting for seasonality and trend effects|
|Forecast formulas visible|
|Batch forecast using several time series simultaneously|
|Linear optimization to always find the best fit|
|Analysis of special events, like discounts and other promotional activities|
|Detailed output reports rich in charts and coefficients|
|Cusum chart to diagnose the functioning of the best forecast method|
|Special Event chart shows the effect of promotions on sales|
|Accuracy of fit tested with 7 different methods|
|The example sheets describe how to run the tool|
|The tool works in 5 different languages: E, F, G, I, S|
|Help file with advanced description of the Forecast Manager concepts|
Other MM4XL software tools related to the Forecast Manager tool:
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