Demand Analytix now has the ability to add events to its automated forecasting calculations. Examples of events include:
Demand Analytix's Forecasting with Events capabilities automatically estimates a past event's impact on product sales, discounts, gross margin, and gross margin percent. Also, if the same event is anticipated in the future, it can be used to forecast and predict those metrics.
Forecasting with Events Advantages
By taking advantage of Demand Analytix's Forecasting with Events, users are able to:
Advanced Forecasting Calculation Methods with Optimizer
When using Forecasting with Events, events are visualized on the same chart as the actuals orders history and the forecast. Forecast methods that have been extended to accommodate events include most of Demand Analytix's Exponential Calculations. They include Auto Forecast, Single Exponential, Single Exponential with Seasons, Holt Linear and Exponential, and Holt-Winters Additive and Multiplicative with Seasonality.
These forecasting methods also calculate and chart 95% Prediction Intervals (i.e. 95% forecast certainty range). Demand Analytix adds events into the multi-variable regression used to find the parameters, initial conditions and event coefficients that optimize the forecast.
Unparalled Power When Combined with Forecasting with Partials
Forecasting with Events combined with Demand Analytix's Forecasting with Partials provide for unparalleled power and fidelity. With Partial Forecasting, a user can decompose the product forecast down into the main forecast variables that drive product demand. For example, a company that derives revenue through Resellers and from End Users can decompose the product forecast down into a Reseller forecast and an End User forecast.
If a product promotion event occurs only for Resellers, then by using Forecasting with Events in combination with Forecasting with Partials, the user can analyze and predict the event's direct impact on Reseller sales. Similarly, a partial forecast of geographic regions can be used to directly discern and predict a regional promotion's impact on the specific region.
Helps Product Line Managers Develop Demand Shaping Strategies
Forecasting with Events enriches Demand Analytix's data analytics offerings for P&L-responsible product line managers and product marketing managers who strive to proactively shape demand and profitability for their products. It is available now and at no additional upsell charge.
Demand Analytix's mission is to help companies develop product, marketing, and sales strategies that shape future product demand in order to meet or exceed their revenue and profitability objectives. We do this through affordable Business Analytics Software-as-a-Service (SaaS) applications and professional services. Demand Analytix is the only demand forecasting software that is a Software-as-a-Service and that is targeted at product line managers and product marketing managers.