Forecast Pro 4.4 + Tutorial

Description

Forecast Pro XE is a standalone analytic tool for business forecasting featuring the powerful combination of proven statistical methods coupled with an easy-to-use, intuitive interface.

Create Accurate Forecasts Quickly and Easily

Need to create accurate forecasts for as many as 100 items (such as products or SKUs)? Using the software’s Expert Selection mode, you can automatically create accurate forecasts with just a couple clicks of the mouse. Want to build and analyze custom forecasting models but don’t have the time or desire to learn how to write specialized software code? With menu-based custom modeling options and detailed diagnostic displays, Forecast Pro XE arms you with an easy-to-use, comprehensive set of tools to address even your most sophisticated forecasting challenges.

And the power of Forecast Pro XE doesn’t stop there! You can also add business knowledge, create presentation-quality reports and graphics, and work easily with your existing data.

Add Your Business Knowledge

We know how important adding judgment to “baseline” statistical forecasts can be for increasing forecast accuracy, so we’ve designed Forecast Pro XE to enable you to easily create, view and retain overrides. You have the flexibility to override your baseline forecasts by making adjustments to single points, ranges or totals, using percentages, increments or by simply entering new values.

When you make changes to the baseline forecast on either the graph or in the companion spreadsheet-like display, the Override Row displays the adjustments which can be saved and loaded into future forecasts without the need for re-keying. If you’ve defined a multiple-level hierarchy, adjusting a value at any given level will automatically adjust all appropriate levels.

Make Convincing Presentations

With Forecast Pro XE, you can create dazzling, presentation-quality reports in seconds. Four professionally-designed standardized report formats are included as well as a custom reporting option for maximum flexibility. You can graph your results on a time series or year-over-year basis, choose from several eye-catching formats including 3-D lines and 3-D columns and save your reports directly to Excel.

Diagnose Your Models

Forecast Pro XE provides a standardized set of diagnostic screens to help you compare and evaluate models. A comprehensive set of numeric statistics are available—Adjusted R-Square, MAPE, sMAPE, Sample Size, Mean, MAD, MAD/Mean ratio, Schwartz BIC, Ljung-Box, RMSE, Standard Deviation, R-Square and Standard Forecast Error—as well as graphs of the residuals and the error autocorrelation function, and grid displays of the correlation and covariance matrices.

Evaluate Alternative Forecasts

If you define a holdout sample, Forecast Pro XE will automatically generate out-of-sample MAPE, MAD, GMRAE, sMAPE and MAD/Mean ratio statistics to measure forecast performance. This handy feature allows you to quickly evaluate different models and answer questions like “How accurate would my forecasts have been had I used Forecast Pro XE last year?”

Work with your Existing Data

Forecast Pro XE imports data in a variety of flexible, easy-to-create formats including Excel text files and ODBC. These flexible formats allow you to easily import and export data from virtually any source. There is also a built-in editor to enter your data directly, or to modify and amend files.

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