Demand Forecasting

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Demand forecasting is the process of predicting the quantity of goods demanded by consumers at a future point in time. By utilising time-series predictive analytics we produce easy to digest output,as well as future predictive values.

Graph on the left predicts the impact of Black Friday and Christmas.

Using econometric time series approaches, along with key external factors inputs to genereate be-spoke algorithms. based on the product you wish to understand.

Data is aggregated to weekly units for a more robust solutiom.

A PDF document with all of the demand forecasting models produced, with their measurements with graphical representations included.  Additionally, we have introduced a 'price-elasticity' element to the model, which maps the impact of price increase/decrease will have on future sales (see below for examples)

To get the most of this solution thw following information is required:

• Date
• The target varible (sales, units etc..)
• Price of product
• Product