The strategy of a company depends on what will happen on the current or future market. Based on those elements, analysts predict the direction of the economy, stock market and individual securities. They also analyze the impact on the market using existing data and facts and relying on technical as well as fundamental statistics. Making a good forecast was never as important as today.
Set Realistic Business Performance Expectations
Given the gamesmanship and subjectivity that usually accompany the yearly performance planning process, creating a "reliable" forecast could be a challenge.
With the Aexis Performance Management solutions, your organization can take the bias and politics out of the process and generate more reliable results.
In our applications you can, as a planner, select a subset of data on which to base a prediction and the number of periods to be forecasted. The software analyzes the data, taking past trends and seasonal patterns into account, applies the most appropriate statistical technique, and generates a benchmark forecast within moments. The benchmark forecast may be used as a "reality check" against other submitted forecasts. The application provides error and confidence rates for each forecast, enabling your organization to make informed decisions about the information being presented. Forecast results can be used to seed plans and budgets, and for comparison against actual results.
Related solutions: Hyperion Planning, Cognos TM1, Infor PM BPA |
