Some of the best features of Forecast PRO include:
Expert-solution – automatic statistical model chosen, for best fit on the Historical data patterns and trends
Intuitive and user-friendly interface that makes it easy to create, modify, and visualize forecasts.
Advanced forecasting algorithms, including ARIMA, Exponential Smoothing, and Neural Networks, that can be customized and fine-tuned to fit specific data sets and forecasting needs.
Automatic data cleaning and outlier detection that helps to eliminate errors and ensure the accuracy of the forecasts.
Real-time dashboards and visualizations that allow users to monitor and track forecasted trends and patterns.
Integration with popular data sources such as Microsoft Excel, Google Sheets, and Salesforce, allowing users to import and export data easily.
Scenario analysis and simulation capabilities that allow users to test different assumptions and scenarios and analyze the potential impact of various factors on the forecasted outcomes.
Forecast accuracy metrics and reporting tools that allow users to evaluate the performance of their forecasts and make adjustments as needed.
Forecast Pro TRAC has no limitation on number of time series analyzed and it’s including all the features (Product mapping, Exception & Comparison Reporting, Conversions etc.).
Forecast PRO Extended has no limitation on number of time series analyzed, but does not include advanced reports, mapping, conversions, Hierarchy “Shuffling” (multiple hierarchies) etc.
Forecast PRO 100 has the same statistical core as all functions, for maximum 100 series analyzed and less features than Extended.
Realforecast opinion: Usually, it depends on the pattern, if it’s intermittent demand series or continuous, if it’s high volume or low volume, if it has more than 2 years or history, for Seasonality detection, if trend is additive or multiplicative, if the History is broken (with events or missing data) etc.
In ForecastPRO, I use automatic Expert solution, but I can choose also some other statistical model to apply, it the software says it fits. Most used family model is Exponential Smoothing (Winters, but also NA-CL for non-trended series) -> it can accept also Event Modelling. For intermittent series, Croston and Discrete; for many point without broken history -> BoxJenkins (ARIMA). I have also the option for Machine Learning and Dynamic Regression (other factors correlation). Forecast by Analogy and Component model for NPIs complete the full circle of easy-forecasting!
I had good results on TOP-DOWN forecasting, when the products are the same type, and Bottom-up, when they are different.
With so many options, and so much experience from US market, I can easily manage Demand in an easy and fast way!
You can start forecasting for just 1495 USD, for Forecast PRO 100, and even use full functionality with TRAC version, from 5000 USD/license, per year!
Forecast Pro is used by more than 40,000 people across 12,000 different organizations in 88 different countries worldwide. Our users span virtually all industries, including CPG, Food & Beverage, pharmaceuticals, automotive, telecommunications, government, academic institutions and many others.
Forecast Pro users’ job functions fall into a variety of categories depending on how they are involved in their organizations’ forecasting and planning processes, where the forecasting function resides, what roles they play and other factors. Examples of Forecast Pro user profiles are described below. Some clients are dedicated forecasters, while for others forecasting is just one of many responsibilities—Forecast Pro’s broad suite of features and ease-of-use make it well-suited for a forecaster of any ability or comfort level.
All Forecast Pro subscriptions include Maintenance and Support. This includes all product updates offering new features and improved functionality—big or small—as well as unlimited technical support via phone and e-mail. All users must have an active subscription to continue using Forecast Pro and receive Maintenance and Support.