Volatile external forces increasingly impact retail companies, but they can counteract these challenges with a transformative new approach. Leveraging leading indicators and economic-based predictive AI models provides unbiased and actionable planning intelligence for retail executives and planning professionals.
Implementing Prevedere’s Advanced Predictive Planning (APP) method achieves more informed planning by discovering hidden category demand drivers, validating category growth plans with retailers, and maximize ROI on marketing spend.
By adding Prevedere’s APP and economic planning ‘lens,’ your company will be able to quantify the actual external drivers of your business within forecasts and plans. Then, your company will cut forecast misses, attain foresight into short and long-term market shifts, and become more savvy about the leading indicators and trends of your (lines of) business.
This eGuide presents the four steps of Advanced Predictive Planning:
- Step 1: Input data for the metrics to be forecasted
- Step 2: Correlate input data against external indicators
- Step 3: Create models for economic prediction
- Step 4: Blend external baseline forecasts with internal forecast
Read the eGuide to learn more about how to harness this approach for your retail organization.
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About Prevedere, Inc.
Prevedere is the world’s leading provider of predictive analytics technology and solutions based on econometric modeling, enabling intelligent enterprises to understand and quantify the impact of external factors as part of their strategic planning and forecasting. Our global data repository and patented AI platform enable financial executives and operational planners to identify market drivers, quantify the future impact of economic volatility, generate performance forecasts, and optimize plans based on market foresight.
Prevedere’s automated AI model monitoring provides an early warning system when unplanned market shifts and anomalies are predicted, enabling planners to future proof business performance. Many of the world’s leading consumer packaged goods, retail, logistics, and manufacturing companies leverage Prevedere to generate economic intelligence, spot market opportunities, mitigate risks, and deliver exclusive competitive advantage.