Economic Insights & Technology
Today’s challenging economic climate requires companies to evolve along with market, consumer and economic shifts.
The Prevedere Connect Podcast explores the latest business trends to understand how companies are adapting and preparing for a stronger future.
Listen to conversations with business leaders, technology experts and industry professionals about innovation, strategy, real-world challenges and success stories.
October 2024 Economic Outlook Report
October 2024 Economic Outlook: Big Revision! The BEA’s $750bn boost for Consumers The Bureau of Economic Analysis (BEA) delivered a massive $750bn revision to personal income data, which prompted significant updates to businesses forecasts for consumer spending and other key external factors - including by Prevedere's Economist Team (and now incorporated into our Prevedere Platform’s baseline and scenario projections, available as a data source to assist your planning processes). Natalie Gallagher, Principal Economist reviews personal income, exploring which income and consumer segments contributed to the revision, and provides updated projections across a number of income and spending indicators. The Prevedere Discover engine tracks - with a high correlation and consistent lead time - the quantifiable and predictable relationship of Consumption Expenditures which follows movements Real Disposable Personal Income (RDPI). Natalie shares this data to add another perspective with your external factor planning assumptions. If you'd like to watch this month's Economic Outlook Webinar, please visit here. In the report: 1. Economic Update and Key Takeaways · The BEA's $750bn revision · Updated Prevedere projections for Real Disposable Personal Income · Behind the big number - lower-income and higher-income households Personal Income update and projections 2. Leading Indicator Spotlight: Real Disposable Personal Income 3. Outlook [...]
October 2024 U.S. Economic Outlook Webinar
October 2024 U.S. Economic Outlook In this month's Economic Outlook, Natalie Gallagher, Principal Economist at Prevedere discusses personal income. Following the Bureau of Economic Analysis (BEA) huge $750bn revision to personal income data she discusses the implications for 2025 planning, and the significant update to the Prevedere Economist Team's own forecast for Real Disposable Personal Income and other related economic indicators. Natalie digs into the details to discuss which income and consumer segments contributed to the revision, and the resulting impact fueling upward adjustments to personal income forecasts, consumer behaviour and spending. Natalie summarizes the Prevedere Economist Team's updated projections across a number of income and spending indicators for your use - and that are now incorporated into the Prevedere Platform's Global Intelligence Cloud baseline and scenario projections. Do you know the lead time from when Real Disposable Personal Income (RDPI) changes to the impact on Consumption Expenditures? Natalie shares RDPI's leading indicator relationship to consumption - a nice planning assumption use case for an external indicator to be incorporated by businesses influenced by consumer spending. On the agenda: Impact of the BEA's upward revision of personal income data - update your real income growth forecasts Leading Indicator Spotlight: Real Disposable Personal Income Updated [...]
Reporting external factors using the Prevedere external insights and predictive analytics platform
Reporting and Analytics specialized for External Factors How can you leverage Prevedere to make external insights and forecasts consumable for business users? Raising your executive and manager decision makers external awareness requires specialized reporting. Powered by Prevedere, combine external factors with your economist Generative AI Copilot, add your internal performance, business knowledge and expertise to deliver external perspective and awareness. Then present in easily consumable and understandable reports. Download a sample Prevedere report for the Food and Beverage industry. This style of Prevedere report can be delivered monthly to business users – and was built by leveraging our Global Intelligence Cloud and focusing upon the overall food and beverage market. The GIC includes extensive data from industry reports, macroeconomic releases, and market trends. We integrated consumer behavior insights through sentiment analysis and survey data, offering a clear view of how shifting preferences are shaping the food and beverage market demand. Prevedere provides: A suite of standard, purpose-built reports and analysis, easily and quickly accessible. Dashboards that monitor and alert from your Discover Workbenches and Predict Models based on thresholds. Beautifully formatted and presented downloads to PDF, PowerPoint and Excel. All Prevedere data can be access via our open API if you wish [...]
Fall 2024 Prevedere Platform Updates
Fall 2024 Prevedere Platform Updates We're excited to share highlights from our latest release. All areas of the Prevedere Platform have new and enhanced capabilities - adding more powerful tools as well as making it easier and more efficient for working with external data and predictive analytics. Prevedere Global Intelligence Cloud and Discover Integrating your own internal and other data with our Global Intelligence Cloud is a critical step in building your complete data foundation. Data Import Wizard We've enhanced the Data Import Wizard to support more data formats, making it easier for you to bring in diverse datasets from various sources. Whether you're working with proprietary data or external datasets, you can now seamlessly integrate them into the Prevedere Platform, allowing for quicker analysis and decision-making without the hassle of reformatting or manual adjustments. We've made it easier to scale up your analytics and modeling in Discover. High Volume Modeling Discover Process Managing multiple forecasts across different variables can be complex, but now you can launch multiple discover jobs at once. This feature is ideal for customers who need to scale their operations, helping you save time by allowing you to create multiple models in bulk, enabling faster analysis across several business units or [...]
Best Practices – Incorporating External Data into your Analytics and Planning
Businesses are transforming their analytics, planning and forecasting strategies by integrating external factors. Macroeconomic indicators, such as GDP growth, inflation, interest rates, along with industry-specific trends, customer sentiment, provide valuable insights that enhance decision-making, improve forecast accuracy, and will as an early warning system – constantly watching and alerting the business as the external environment changes. However, identifying and integrating the most relevant, impactful and leading external data into your analytics and planning processes can be challenging. At Prevedere, we make it simple and cost-effective for businesses to access and leverage external economic data. Our AI-powered analytics and econometric models improve forecasting precision and inform smarter decisions. Learn more about our Platform here. Michelle Green, Prevedere's Chief Economist, outlines the best practices for incorporating external economic indicators into analytics and planning as a foundation for businesses to build resilience and agility in response to changing economic conditions. The Importance of External Data as Business Drivers External data - macroeconomic indicators (GDP, inflation rates, and unemployment levels), industry trends, consumer activity and sentiment, demographic, weather and other indicators – capture the powerful forces influencing your business from outside your walls. Incorporating these indicators into business analytics and planning processes gives you a broader understanding of how external [...]
Beyond the Buzz: Impactful Applications of AI in Analytics and Planning – Episode 2
Beyond the Buzz - Impactful Applications if AI in Analytics and Planning, Episode 2 The second episode of Prevedere's webcast series addresses the practical uses of AI for strategic, operational, sales and demand planning. In addition to conceptual explanations, a short demonstration is provided, highlighting the platform use cases that are aided by the application of AI and ML. The webcast is on-demand. Additional episodes from this series may also be available on demand. Contact us if you have questions for the Prevedere team or would like additional information for how our customers leverage our Platform for collecting, tracking, leveraging and predicting key macroeconomic indicators for planning and decision-making. *** About Prevedere, Inc. Prevedere is the world’s leading provider of external insights and predictive analytics solutions, combining technology and econometric analysis to deliver actionable intelligence. The Prevedere platform offers a patented AI-driven approach to identifying your most impactful and leading external indicators, constructing forward-looking models, supported by our Global Intelligence Cloud with data from thousands of external sources. Trusted by industry leaders such as Kraft Heinz, Kimberly-Clark, Cargill, and McDonald’s, Prevedere delivers strategic insights for superior risk mitigation and opportunity development. Access Now
September 2024 Economic Outlook Report
September 2024 Economic Outlook: Fed Pivot! 50 basis point cut to counter labor concerns amid lingering inflation fight Following the big news from the Federal Reserve - a 50 basis point cut- Natalie Gallagher, Principal Economist at Prevedere discusses the largest cut in the Federal Funds Rate for in 16 years, the latest economic environment, expected impacts and implications, and recommendations for business in the areas of debt, workforce and pricing strategies. Natalie provides updated forecasts from the Prevedere Economist Team’s - now incorporated into the Prevedere Platform’s baseline and scenario projections, and an additional source to assist your planning processes. She also highlights the correlation between Unemployment and the Federal Funds Rate as an example of a leading indicator. If you'd like to watch this month's Economic Outlook Webinar, please visit here. In the report: 1. Economic Update and Key Takeaways · Federal Funds Rate cut drama and dissenting opinions · Updated Prevedere projections for Federal Funds Rate · Economic environment from for inflation persistent - focusing on shelter/housing 2. Leading Indicator Spotlight: Federal Funds Rate 3. Outlook and Predictions: Unemployment Rate 4. Recommendations and Summary of Q&A from the September 2024 Economic Outlook Webinar With budgeting and planning season in full swing, Natalie [...]
September 2024 U.S. Economic Outlook
September 2024 U.S. Economic Outlook In a timely update for your Economic Outlook, Natalie Gallagher, Principal Economist at Prevedere discusses the big news of last week - the Federal Reserve's 50 basis point cut, the largest basis point cut in 16 years! Natalie reviews the implications for businesses with high level recommendations, with particular focus on debt, workforce and pricing. We review the dilemma of rate cuts with a background of persistent inflation, especially in Shelter (keep a watchful eye). Finally, Natalie reviews the Prevedere Economist Team's updated projections now incorporated into the Prevedere Platform's baseline and scenario projections, and an additional source to assist your planning processes. Did you know there is a correlation between Unemployment and the Fed Funds Rate? Natalie illustrates the Fed Funds Rate as a leading indicator using Unemployment as an example. On the agenda: Key Takeaways from the Federal Open Market Committee (FOMC) Meeting September 17-18 Leading Indicator Spotlight: Fed Funds Rate Updated Outlooks: Fed Funds Rate, Unemployment, Inflation and Shelter Inflation Q&A Natalie's recommendations include maintaining optimum flexibility for reacting to new macroeconomic indicators. If you'd like Prevedere to identify those indicators that are the most relevant, impactful and are predictive for your business, contact us. The [...]