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Forecast Accuracy Assurance

Problem

Forecasts exclusively made by humans or made statistically then adjusted by humans are subject to human passions and politics. Whether optimist or sand-bagger the result is poor planning that impacts revenue, capital, and profits.

Cost

A large healthcare company was aggressive in its forecast of demand for an insurance program that resulted in $4 million of loss.

Our Solutions

Advanced analytics marries statistical forecasting with correlative lead indicators to calculate a probable range of outcomes. Should the adjusted forecast at any point fall outside the bands of probability then the adjusted forecast at that point is called into question for review by the manager that made the adjustment.

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