Project Detail
Forecasting can be a dangerous art, because the forecasts become a focus for companies and governments, mentally limiting their range of actions, by presenting the short to long-term future as already being determined. Moreover, forecasts can easily breakdown due to random elements that can’t be incorporated into a model, or they can be just plain wrong from the beginning.
The negatives aside, business forecasting isn’t going anywhere. Used properly, forecasting allows businesses to plan ahead of their needs, raising their chances of keeping healthy through all markets. That’s one function of business forecasting that all investors can appreciate.
Simulation models are useful in many diverse fields. Supreme Software Technologies use of the SAS/ETS MODEL procedure with examples of a business planning model and a macro econometric forecasting model. In addition, several new features of the MODEL procedure are introduced to our business partners all over the world. Supreme Software Technologies Predction Services include: onlinear and simultaneous relationships; estimation of unknown model parameters; dynamic processes; goal-seeking solutions and other.
