Improving Demand Forecasting with Predictive Analytics Platform

Demand Forecasting is an essential part of #PredictiveAnalytics. It is about predicting future demand for the product. It refers to the prediction of probable demand for a product or a service on the basis of the past events and prevailing trends in the present.

We are doing it through BDB(Big Data BizViz) Analytics Tool. Here is a short demo for you !

The above video highlights the following capabilities and steps of our Predictive Analytics tool :-

• Consumption of Data Science to option the filter.
• Adding a new column (week number) to the Data Set using the formula data Preparation component.
• Using a Custom R Script Component to aggregate data based on the week number.
• Demand Forecasting upto 4 weeks using Arima Forecasting.
• Save the result and save to MySQL
• Schedule this workflow for Regular Analysis.

All of these 5 features can be achieved while doing Demand Forecasting with BizViz Platform!

1. Accurate Demand Forecast
2. Forecast Approval System
3. Revenue Planning
4. Flexible Manual Adjustments
5. Forecasting New Products 

If this looks exciting then you can  get in touch with our team to get a detailed demo and discuss further to leverage it for your Partners/Customers!

You can reach me at : vineet.agarwal@bdbizviz.com