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Experience Easy and Accurate Business Intelligence forecasting (predictive analysis) with ElegantJ BI
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Business intelligence forecasting software ElegantJ BI’s forecasting enables you to accurately forecast in a simple, easy-to-use manner by using past data to plot a comprehensive picture of future business trends. Proven forecasting methods and forecasting algorithms have been implemented along with a guide to assist in selecting the most suitable forecasting algorithm for your business and situation. Forecasted trends can be plotted on automatically generated time series fields to support yearly, quarterly, monthly or weekly aggregations and breakdowns in both cross tabular and graphical analysis.
Forecasting(Predictive Analysis) is a discipline of analytics that provides the foundation for planning various processes throughout organizations, such as demand and inventory planning, budgeting, sales quotas, marketing campaigns and procurement activities. Timely and accurate forecasts can lead to better decisions based on sound predictions of the future. |
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Why You Need Business Intelligence Forecasting
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Business Intelligence (BI) forecasting can help you go from having a historical view of your business to having a more predictive view of your business. Forecasts are often critical to daily decisions that need to be made throughout all levels in an organization. Whether you are an analyst, a manager, or an executive, business intelligence forecasting tool ElegantJ BI is one solution that can transform the way you analyze past data for future predictions.
Business intelligence forecasting software ElegantJ BI enables team members to view forecasting (predictive analysis) at strategic, tactical and operational levels through powerful and interactive dashboards, cross tabs and graphs. ElegantJ BI’s forecasting solution can deliver forecasting results to a wide range of users including executives, managers, business analysts and power users. At the same time, you can ensure that everyone is provided with the same view of data, which will promote consistency and collaboration across the organization, streamlining the implementation of planning process. |
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Business intelligence Forecasting Models in ElegantJ BI
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- Simple Linear Regression
- Least Square Regression
- Simple Exponential Smoothing
- Double Exponential Smoothing
- Holt’s Exponential Smoothing
- Box Jenkins Auto Regression Model.
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Learn about BI forecasting (predictive analysis) benefits for various industries |
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BENEFITS OF FORECASTING (Predictive Analysis) |
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Enhanced credibility of projections and planning throughout the organization |
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Increased focus on credible, logical and proven forecasting-based planning process |
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Improved control and alignment of resources based on logical and proven planning for the future |
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Competitive advantage in the market through best possible strategic, tactical and operational decisions for future |
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Strengthened market position and greater customer satisfaction |
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BENEFITS OF BUSINESS INTELLIGENCE FORECASTING TO YOUR BUSINESS |
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Higher profits through optimised inventory levels |
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Fewer stock shortages |
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Infrequent line changes and overtime working |
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More economic purchasing |
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No fulfillment delays |
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Effective product plans and its management |
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Judicious spending of your marketing dollars |
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Key Features of ElegantJ BI’s Business Intelligence Forecasting
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| Proven Forecasting Algorithms, Delivered with Simplicity |
| ElegantJ BI Forecasting is an easy-to-use forecasting tool for all businesses. You don’t need to know the forecasting algorithms in detail or be a statistician to forecast your trends with ElegantJ BI. It has proven forecasting algorithms embedded within, and it will guide you to ensure that the most suited forecasting algorithm is selected for your business and situation. |
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| Forecast with Automatic Time Series |
| With forecasting software ElegantJ BI’s time series forecasting, the forecasted trends can be plotted on automatically generated time series fields, having yearly, quarterly, monthly or weekly dimensions. This forecasting with time series It provides you break ups as well as aggregations from year to quarter to month to week level and vice versa. Now businesses can plan ahead and prepare in advance to effectively handle market behavior through time series forecasting. |
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| Plot Business Intelligence Forecast on both Cross Tabs and Graphs |
| Business intelligence forecasting software ElegantJ BI redefines forecasting flexibility. It displays forecasting results on cross tab reports as well as graphs and enables users to visualise business intelligence forecasting effect in various ElegantJ BI tools they work with. |
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Forecasting (Predictive Analysis) For Business
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| Forecasting has proven beneficial for all types of industries and business functions. With sound business intelligence forecasting, service providers can improve customer retention, manufacturers can accurately envisage inventory requirements, financial services firms can find more profitable customers and healthcare organizations can predict the effects of government policies. Further, salespeople can make sales plans; finance professionals can make sound financial plans, statements and guidelines for internal and external stakeholders; stock experts can learn about the direction of a stock next day; and strategic managers can find out the direction of change in CPI (Customer Price Index) along with its magnitude – these are just a few among the abundance of forecasting benefits. |
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