Market Ahead

_____Market aheadTM





The MarketAhead program provides predictions for important market variables, including the product demand and estimated profit. The following variables are taken into account:

Sales
Unitary price
Unitary cost
Market size
Publicity expenses
Consumer income
Seasonal index
Profit
Market elasticities with respect to price, publicity and consumer income
Fixed costs

Two kinds of preditions are calculated:

Predictions based on historic data where the analysis of time series is implemented.
The input to the program is a sequence of values, supposed to be the values of a variable of interest taken from a stochastic process. These may be, for example, the demand for a product for consecutive days, weeks, months etc. during some past time interval. MarketAhead looks for tendencies in the series and for possible seasonal (periodical) changes. Once an approximating curve is found, a prediction for the future is produced. If the provided data is charged with random errors or uncertainty, you can get the predictions with corresponding confidence intervals for the prediction value, as function of time. The data can be typed and stored in a file, retrieved, edited or imported from an ASCII text file.

Demand and profit predictions based on a market model.
The market model is of "exponential" type involving model elasticity with respect to price, advertising and consumer income. First, forecasts for all market variables except demand, sales and profit are generated using time series analysis. Then, these forecasts are used as input to the market model to generate the future demand and profit. This makes the predictions consistent with the market model, and prevents from contradictions and logical errors in the projections. So, the demand projection can be obtained both as the result of the time series analysis of the demand, and as the result of market model application. The two projection should coincide or be close enough to each other. If this is not the case, the input data, as well the used model parameters should be verified.

Uncertainty analysis. Uncertainty for predictions of kind 1 and 2 is analyzed. The user is asked to assess the standard deviation SD of possible errors in the historic data. Then, the program repeatedly generates new data charged with random deviations due to the given SD, and produces the series of prediction trajectories. The trajectories are being stored and analyzed. Then, the corresponding confidence interval for the predictions are calculated, for a given confidence level. The confidence intervals are shown as functions of time.

MarketAhead runs on a PC with Windows XP or later.

Historic data and projection for a market variable with saturation. Sigmoid curve fit.

A prediction of a variable with periodical seasonal component.

Uncertainty analysis

The data obtained from a real market are always charged with some uncertainty. What the program does is to generate multiple data sets where the original data are changed randomly, with a given standard deviation and to calculate the corresponding projections. This is a simple procedure without the use of any sophisticated probabilistic approach. However, the algorithm is robust and may provide a useful information on the future market behavior and its sensitivity to the input data. A set of 200 possible projections is generated. It is assumed that the probability distribution for the projecton for any fixed time instant is normal. The user declares a probability level P, and the program calculates the possible confidence intervals. By the confidence intervals we mean the intervals in which the expected projection belongs with probability P. The results are shown in graphically.

Calculating uncertainty



Uncertainty : confidence intervals

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Plot flow: the plots move, can be selected with a click

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Download a free demo here



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US $ 39_____________________________




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