Demand Forecasting for Professionals
Raise forecast accuracy with powerful demand planning software
Whether you are selling clothes, or industrial equipment, or digital gadgets or even own an Internet store, you must always check if your supply meets demand. And demand of each particular good depends on a variety of factors you should take into account to make correct predictions. These are market price of a product, competitor actions, seasonal effects, advertising and promotion, market flexibility and many other parameters.
Thus it is hard to estimate further demand accurately having your bare hands only, and even a small mistake in prediction can result in empty inventory and therefore drop of sales. You don’t want that, do you?
GMDH Shell is demand forecasting software that allows you to make fast and accurate prediction of how demand will grow over time basing on your historical demand data. The application loads the data and then builds a model that matches them best of all. Then, using that model you can get a precision demand forecast.
GMDH Shell demand forecasting software is powered by advanced mathematical methods and procedures which in turn were developed by our specialists basing on the classical GMDH algorithm known since 1968. The core idea of the method is the gradual creation of mathematical models using various approximation techniques (linear, polynomial, Gaussian, harmonic and others). In case a model doesn’t produce a good prediction, it gets complicated using one of multiple available approaches and the resulting model is applied to historical data again. The process repeats until a model describing historical data best of all is found.
Demand forecasting software based on this procedure gives practically accurate prediction results in a relatively short time (about 37 minutes on a dataset with 200,000 rows). GMDH Shell also is capable of utilizing all CPU cores and its engine is smartly optimized, so it demonstrates nearly the best processing speed among competitive demand forecasting solutions.
Using GMDH Shell to improve forecast accuracy, you can:
Align inventory with customer demand
Boost customer service levels
Shorten cycle times
Eliminate redundant and obsolete inventory
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Demand Forecasting Software Resources:
- Consumer Product Demand Forecasting based on Artificial Neural Network
- Forecasting, Demand Management, and Capacity Planning
- Wikipedia Article on Demand forecasting
About GMDH Shell
GMDH Shell is a forecasting software, developed by Geos Research Group, that enables users of all types to easily and accurately forecast their data.
Based on artificial neural networks, it allows you easily create predictive models, as well as preprocess data with dead simple point-and-click interface. Unlike other NN-based tools, it's very fast because of state-of-the-art parallel processing and great core algorithms optimization.
You can download a free trial of GMDH Shell. Additionally, we will be happy to create a demo project with your own data. This way you will be able to test and evaluate GMDH Shell’s performance with minimum efforts, at the same time reviewing your own data, not on a random sample.
Feel free to contact us, if you have any additional questions, we will be happy to answer.
- Demand Planning Software
- Inventory Forecasting Software
- Sales Forecasting Software
- Predictive Analytics Software
- Predictive Modeling Software