Traditional methods of forecasting using basic trend data can be at best inaccurate or, at worst, wildly misleading. In a highly competitive marketplace, it is vital that your sales predictions are as accurate as possible in order to inform your approach to market. Even more importantly, the ability to forecast accurately can have a direct impact on vital management decisions, can help your business save time and, most importantly, money.
On average, Enhanced Forecaster delivers 65% improved accuracy over traditional techniques and in best case scenarios up to 80%. This is further supported by our evidence over time, which demonstrates that predictions made using our system are within 10% tolerance of the actual data*. We tested 5 therapeutic classes in a Top 10 Pharmaceutical company. 600 million prescriptions were examined over an 11 month period. Based on an average prescription value of $120, our prediction system provided significantly greater accuracy, with a potential dollar impact of $5.8 billion across those entire markets.
*Based on average results taken from the trial application.
