Forecasting and Predictive Analysis

Forecasting (Predictive Analysis) is a discipline of analytics that provides the foundation for planning various processes throughout organizations, such as demand and inventory planning, budgeting, sales quotas, marketing campaigns and procurement activities. Timely and accurate forecasts can lead to better decisions based on sound predictions of the future. Forecasting has proven beneficial for all types of industries and business functions.

ElegantJ BI forecasting is an easy-to-use tool and it is suitable for all businesses and all users. Your users do not need to understand complex forecasting algorithms to forecast trends. Our proven forecasting algorithms are embedded within the product, and will guide you to choose the best, most suitable forecasting algorithm for your business and situation.

ElegantJ BI proven forecasting algorithms include an easy-to-use guide to assist in selecting the most suitable algorithm for your business and situation. Models include simple linear regression, least square regression, double exponential smoothing and others. Forecast trends can be plotted on automatically generated time series fields to support yearly, quarterly, monthly or weekly forecasts in aggregate and detailed form, in both cross tabular and graphical analysis. Forecasting with a time series provides the ability to break down data from year to quarter to month to week and to aggregate data and roll up results for summary purposes.

Contact Us Here or at sales@ElegantJBI.com to find out more about what forecasting and predictive analysis can do for your business results.