trainmisttiny

Forecasting

We provide both customised and syndicated forecasts.  Regular forecasts are made of new vehicle sales, retail sales growth, and population growth.

A very wide range of forecasting techniques are applied, according to the situation.  These include multiple regression and time series analysis.

More important than techniques, however, is insights into driving forces.  This comes from broad general knowledge and pattern recognition skills.  These skills have enabled us to identify factors which influence consumer spending, rainfall in south-eastern Australia, and road deaths.

Proprietary consumer tracking surveys conducted by foreseechange contain valuable information for forecasting, which is not available in official statistics or from other sources.

Charlie Nelson has written a book aimed at improving forecasting accuracy – Forecasting: the essential skills.