Why Econometric Modeling is Essential for Business Forecasting
While there are many factors to intelligent forecasting, econometric modeling is the true methodology that drives the process.
By leveraging and integrating external economic data to supplement an organization’s internal historic data, businesses can begin to understand the key external drivers for their sales historically. This perspective creates a variety of benefits for businesses, from increased forecasting accuracy to broader scenario planning.
In the fifth episode of his new thought leadership series, Solving for Tomorrow, Rich Wagner is joined by Prevedere’s Chief Economist, Andrew Duguay, to discuss the fundamentals and potential implications of econometric modeling, including:
The Basics of Econometric Modeling
Impact of Econometrics on Intelligent Forecasting
The Tangible Business Benefits of Econometric Modeling
Watch this 8-minute interview to learn more about how econometric models are essential to today’s business planning and forecasting processes.
About Prevedere, Inc.
Prevedere is a predictive analytics software company that delivers insights into future business outcomes based on current economic trends. Our predictive economic intelligence helps executives see what lies ahead for their business and solve for upcoming risks and opportunities. Our SaaS solutions apply the power of machine learning and predictive modeling to more than 3 million indicators of global economic and consumer activity. Prevedere customers include Fortune 500 industry leaders in retail, manufacturing, and consumer packaged goods. To learn more, visit www.prevedere.comand follow @Prevedere on Twitter.