DecisionTime / WhatIf Capabilities
Build accurate forecasts that help you make the best decisions for your organization
DecisionTime and WhatIf?'s
breadth and depth of analytics deliver forecasts that give you a clear picture of the future so you can make the best, most profitable decisions. These complementary products are easy to use, but provide all the capabilities you need to develop forecasts that will help your organization succeed.
In today's highly competitive marketplace, you've got to make effective decisions, fast. Now you can. DecisionTime and WhatIf?
give everyone the power to create sophisticated forecasts and easily explore scenarios. Bad forecasts lead to lost opportunities and wasted dollars. If you forecast too high, you're faced with missed sales objectives and overstocked warehouses. Forecast too low and your customers go to the competition seeking the products and services you should be supplying. As the decision-maker, you're the one held accountable.
You don't have time to ask your staff to spend hours creating models and fine tuning forecasts - especially if they're using inadequate tools such as spreadsheets. Hired specialists help, but lack an insiders' vital
perspective. And, when a forecast is finally made, you need to make sure everyone has that information. This way, you and your colleagues can quickly act and react, to that information. Then you can determine the
impact of your decisions on profitability down the line.
Build accurate forecasts quickly with DecisionTime's wizard
To begin the forecast creation, DecisionTime quickly loads data from your databases or spreadsheets. Then DecisionTime's
interactive wizard asks the forecast creator three simple questions. Your answers tell DecisionTime
how to set up your analysis. This patent-pending technology chooses the best model for your data from seven exponential smoothing models and a wealth of ARIMA techniques. Because DecisionTime
automatically selects the best model, you get reliable results every time. This saves your organization the cost of inaccurate forecasts along with the frustration of building models by hand.
The most advanced forecasting techniques work automatically behind the scenes to create your forecast in seconds.
To ensure the model is accurate, DecisionTime allows your staff to identify influences affecting the forecast including:
- Seasonality and trending.
- Predictor variables, such as advertising or sales staffing.
- Exceptions and one-time interventions such as sales promotions or price increases.
- Automatically handling missing data.
DecisionTime tells the forecaster which influences are important and which are irrelevant, building the most complete picture of the future. It also provides
easy-to-understand measures that test the fitness of the model, so you are confident of on-target results.
Powerful enough to solve your toughest challenges
DecisionTime's distributed architecture is designed to let your forecasters make the most of your organization's infrastructure. Unlike most forecasting tools, DecisionTime
enables multiple people to quickly and easily access huge, centralized databases. And since the calculations can be performed on more powerful server machines, you and your staff are not limited to the
hardware restrictions of your personal computers.
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