The Demand Forecast App harnesses the power of Artificial Intelligence to help small businesses accurately predict the demand for their products or services.
This user-friendly web application is specifically designed for micro and small companies, making it easier for them to get precise demand forecasts. It leverages advanced classical and machine learning techniques to analyze historical sales data. By accounting for variations and seasonal trends, the app can deliver reliable predictions about future demand.
One of the great features of the app is its simple interface. Users can easily upload their data sets in Excel format and let the app do the heavy lifting. It automatically chooses the best forecasting model for their needs, offering options like ETS, ARIMA, Prophet, Random Forest, and SVM. This takes the guesswork out of picking the right approach and ensures that businesses receive the most applicable forecasts.
Once the models are up and running, the app doesn't just stop with numbers. It provides engaging visualizations and interactive graphs that illustrate predicted demand over time. This visual data helps companies make smart decisions regarding production, inventory management, and supply chain strategies, ultimately boosting efficiency and cutting down costs.
Perfect for businesses on a digital transformation journey, the Demand Forecast App is focused on enhancing resource optimization. It aims to deliver reliable demand forecasts and drive business performance in a rapidly evolving market.
Key features include the ability to view historical data in both tables and graphs, forecasts looking up to 12 months ahead, detection and handling of outliers and missing data, and a smart algorithm that competes among up to five different model families to find the best forecasting approach. Plus, it can manage predictions for up to 100 products or SKUs and comes with ongoing updates and complimentary email support.
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