NEWS & MEDIA
Economic Forecasts by e-forecasting
Using a forecasting engine to generate predictive intelligence for
corporate business; an inimitable executive tool serving as:
- Backbone in short-term operational decision-making
- Foundation of
long-term strategic planning.
What is a Forecasting Engine?
- Combination of human
intelligence and econometric technology that transforms factual
indicators to projections of corporate-centric metrics.
e-forecasting has assembled a cutting edge, effective and
statistically sound methodology to implement predictive
intelligence solutions for practical usage by business based on the
following building blocs:
- Creation, maintenance and real
time availability of a global data warehouse containing all
relevant indicators, which capture any decision tools available to
- Conception of an efficient predictor-mining
process, which transforms and transfers information from the data
warehouse to the forecast engine.
- Econometric modeling - forecast
engine – is built on the principle that the more effectively
information is used from the data warehouse, the better the
decisions of the market participants are captured from the real
world and, ultimately, the more accurate the forecasts will be.
- Do not fall for the trap that says history of your sales
will be the sole predictor of future sales. Ignoring the
surrounding environment such as an increase in interest rates,
a spike in oil prices or an upcoming recession will result in
large forecast errors and hurt the bottom line.
- Do not let any automated forecast software become the
foundation of your decision-making. At take-off, landing and
bad weather planes are not set on automatic pilots. The global
economy is complex and ever changing. To add value to your
company, business forecasting should be the outcome of human
intelligence, the best technology (software) and all relevant
- Cut administration and deployment costs. Stay focused on
your clients and your business. Do not divert your attention
away from your comparative advantage.
- Work directly with professional forecasters. Business
forecasting is our core business