(fôrkst): To estimate
or calculate in advance, especially to predict.
The Art and the Science
Forecasting based on data is
as much an art as it is a science. Our consultants can
help your company set up systems to more accurately
parse and process data to help improve forecasting accuracy.
The time honored programming credo
remains true today--Garbage In, Garbage Out (GIGO). Forecasting
systems are especially vulnerable to accurate data input based
on the assumptions used to predict outcomes.
Link to Other Processes
Forecasting typically culls information
from financial, marketing, sales, and other data systems.
The methodology is the same regardless of the system it's
used on. Data elements, processing criteria, algorithms, etc.
change depending on the data set.
with one of our sales representatives to see how forecasting
systems my be right for your company.