Forecast Pro Basic 5.1
Features
Add Your Business Knowledge
Forecast Pro lets you adjust your forecasts on a graph or in a spreadsheet-like display. You can adjust single points, ranges or totals, using percentages, increments or by simply entering new values. If you've defined a multiple level hierarchy, adjusting a value at any given level will automatically adjust all appropriate levels.
Make Convincing Presentations
Documenting your work is a snap. Click the graph icon and a graph of your forecasts, historic data, confidence limits and safety stocks instantly appears. A few more clicks and you've printed a forecast report and output your forecasts to a spreadsheet, ASCII file or ODBC compliant database. As you use the product, Forecast Pro's audit trail faithfully records everything. Each data set, each model, and each dialogue with the expert is captured so you have a permanent record of your forecasting session.
Work With Your Existing Data
Forecast Pro imports data in a variety of flexible, easy-to-create formats including Excel and Lotus spreadsheets, ASCII (text) files and ODBC. These flexible formats allow you to easily import and export data from virtually any source. There is also an on-line editor to enter your data directly, or to modify and amend files.
Diagnose Your Models
Forecast Pro provides a standardised set of diagnostic screens to help you compare and evaluate models. You get graphs of the residuals and the error autocorrelation function as well as key numeric statistics: Adjusted R-Square, MAPE, Sample Size, Mean, Schwartz BIC, Ljung-Box, RMSE, Standard Deviation, MAD, R-Square and Standard Forecast Error.
Evaluate Alternative Forecasts
If you define a holdout sample, Forecast Pro will automatically generate out-of-sample MAPE, MAD and GMRAE 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 last year?”