Sales forecasting is an important element of corporate strategy planning for future. Forecasting is a prediction of future events, which aims to reduce risk in decision making.
Biostat offers its customers the company forecast sales based on mathematical modeling. We successfully use a wide range of statistical and econometric methods. We create business forecasting systems based on predictive data bases.
Our forecasting methods include:
Quantitative methods:
- A wide range of time series models and econometric models;
- Analogue models;
- Models leading variables;
- Cohort analysis models;
- Market Testing;
Qualitative methods:
- Expert reviews;
- Delphi method;
- Brainstorming;
