Forecasting by IDeaS

Forecasting is the prediction of outcomes, trends, or expected future behavior of a business, through the use of statistics.

As an industry pioneer, IDeaS Revenue Optimization defined the critical elements of forecasting by its innovative approaches to the unconstraining of demand, incorporation of uncertainty and specialized algorithms which allow updating of forecast patterns based on recent trends through pattern recognition technologies.

• Unconstrain Demand: Effectively understand the total demand in your market which forms the basis for accurate decisions to optimize demand either through pricing or inventory controls
• Incorporate Uncertainty: Account for uncertainty in the forecasting model
• Utilize Advanced Pattern Recognition: Incorporate changing market conditions through specialized algorithms which detect shifting trends versus onetime events
• Account for Competitive Intelligence: Enhance forecasting robustness through the incorporation of competitive data

As the foundation for IDeaS Revenue Optimization's solutions and services, our forecasting approach has been utilized successfully across a variety of industries such as leading hospitality, travel and transportation companies.

Download IDeaS White Paper:
Leveraging Revenue Management for Your Hotel in an Uncertain Economy

IDeaS Solutions IDeaS invented critical Pricing, Forecasting and Optimization solutions that enable global organizations to understand, anticipate and react to consumer behavior in order to optimize company-wide revenue and profits...

IDeaS Services At IDeaS, service is our core value and our world-class support and services will help you get the most from our extensive experience and expertise as the leading Pricing, Forecasting and Optimization provider in the industry...

For more information on the benefits of Pricing, Forecasting and Optimization for your organization, click here to contact IDeaS.