Users can now enjoy the variety of improvements available in Forecast Pro Version 9. The features found in the new release–including an enhanced user interface, methodology improvements and the new Custom Component Model–make the software more powerful and easier to use.
Here’s an overview of what’s new in Forecast Pro Unlimited v9:
Many Forecast Pro users rely on the software’s expert selection capability to choose the appropriate forecasting techniques and generate the forecasts, and then “tweak” the forecasts as needed. One way to adjust a forecast is to change the forecasting method used; when you do this, a “forecast modifier” appears next to the item in the Navigator to record and maintain your selection. A second option for adjusting the statistical forecast is to apply overrides.
In this edition of Tips and Tricks, we explain how to import overrides and modifiers into Forecast Pro directly from Excel which can save substantial time if you work with large data sets.
Forecast Pro’s Expert Selection system can generate thousands of forecasts automatically; however, the automatic forecasting approach can fall short if the historical data do not represent a typical demand pattern for a given item because of certain events. For example, an unexpected large order may inflate the forecast for the following year, or a stockout may skew the forecast in the other direction. Similarly, promotional activity may occur at different times year-over-year. In this edition of Tips and Tricks, we’ll show you how to build Event Models in Forecast Pro to account for the impact of events, and introduce you to the new Event Manager in Forecast Pro TRAC Version 3.1 and Forecast Pro Unlimited Version 8.1.
We are pleased to announce new releases of Forecast Pro TRAC and Forecast Pro Unlimited. For more information about the new features included in each of these products, see the relevant section below.
Forecast Pro TRAC v3.1
A key feature in Forecast Pro TRAC v3.1 is the new Event Manager. This on-screen facility allows you to easily define events, create descriptive event labels and assign events to the items you are forecasting. Continue reading
If you want to see the new Event Manager available in Forecast Pro TRAC v3.1 and Forecast Pro TRAC v8.1, then you will want to check out the recording of our recent Webinar about using events to improve your forecasting. The educational hour-long session explains how event models work, how and when they should be used, and how to build customized event models.
The examples in the session use Forecast Pro’s new Event Manager, providing a first look at this new feature. To jump straight to this section of the Webinar, start watching at 19:07.