Forecasting With Data Analytics
If the future is uncertain, how do you plan for it? Forecasting based on simulated models allow you to see how the systems at work in the environment around the company will likely influence the future of the company. While a singular definitive future is unlikely to emerge, forecasting allows you to see which of all possible futures are likely and plausible.
What conditions – economic, environmental, regulatory, or other external factors – can have a significant influence on your business systems?
Business Laboratory’s forecasting services rely on an understanding of public data, external expertise, and written reports – and translating that raw data into meaningful information about the implications of the data for your company. In this way, we can inventory all the external factors that impact your system and understand how many permutations of the future can result.