Leveraging external data to create accurate and predictive forecasts
Data is the foundation for any predictive modeling. Yet with so much data available to companies today, how can business leaders benchmark whether they have access to a sufficient amount of external data to build valuable predictive models in the COVID economy?
In this episode of Prevedere’s new thought leadership series, Are you prepared?, Chrissy Wissinger is joined by Senior Economist Michelle Green to discuss the best approaches for companies to acquire, structure and manage external data to create a structure that enables the development of predictive models that have significant business value.
Some of the topics that are discussed in this episode include:
- The benchmarks for having sufficient data to support accurate forecasts
- A practical process for implementing data into internal forecasting processes and business planning
- Avoiding the common misconceptions that result in limiting company’s ability to forecast market shifts
Watch this 8-minute interview to learn more about how your organization can properly leverage external data to navigate uncertainty in the COVID economy.
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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 2.5 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.