Sales Forecasting

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;
Copyright© 2023 Biostat