Briefs

Information Discovery, Inc. announced its web-based Sales Forecaster(TM) system with a PatternWarehouse(TM) to deliver exceedingly accurate forecasts. Platform: WindowsNT. Please visit: http://www.datamining.com/forecast.htm

Most businesses become significantly more productive by improving their vision of the trends that shape their future. The Demand Forecaster™ provides manufacturers and retailers with this “advanced view” of the direction of their sales curve by analyzing the patterns of the past.

Given the growing complexity of the business world and the increasing pace of change, many organizations have found traditional statistical approaches to forecasting to be less than effective. What is needed in today’s world is a solution that manages complexity by discovering the impact of multiple factors within large datasets and carefully combining the patterns for highly accurate predictions. Using the advanced technologies of data mining and pattern warehousing, the Multi-Factor Demand Forecaster™ provides this much needed solution with no delay.

Historical sales patterns are automatically identified and stored in a Pattern Warehouse™. These patterns are then used to develop a predictive model. The model is built on the real database, not on a sample, and hence provides higher quality grains of information through data distillation. Inputs to the system include past sales, seasonality, promotional incentives, consumer confidence, order cycles, vehicle/equipment inventory, the weather, and consumer lifestyle, field managers inputs, etc.

Please visit: http://www.datamining.com/forecast.htm