Forecastability Analysis

Forecast Value Add FVA is often used to assess how a Demand Forecasting process is adding ‘Value’. However, FVA benchmarks against the naive Forecast: the highest level of Error that we are willing to tolerate.

Forecastability Bands enable data-driven insights into the lowest level of error we are likely to achieve on top of the FVA benchmark. This enables clarity into how much avoidable error we currently have in our Baseline.

Now understand forecast quality across your entire portfolio and set improvement targets confidently. Arm yourself with insights into the Potential FVA, not just current FVA.

vyan.ai Optimal Forecasts help realize a large part of this potential FVA by eliminating much of the avoidable error.