Choosing Regressors for Scenario-based Forecasting
5 minute read
On the external data selection process that drives scenario-based forecasts
Empower your business with our top-tier market forecasts, bespoke forecasting, and an intuitive self-service platform for easy forecasting and powerful insights.
Accessible and reliable forecasting
Three ways to unlock the power of accurate forecasting and insights. Use our expert-crafted market forecasts, get customized bring-your-own-data forecasts, or use an intuitive self-service platform.
Stay ahead with our expert-generated forecasts for actionable insights in your industry.
Get quality forecasts of your company's data with our expert forecasting capabilities.
Generate accurate forecasts with our easy-to-use platform, no forecasting expertise required.
Industry expertise
At Nousot, we're more than just a consulting firm – we're a team of experts with deep industry knowledge. Drawing on our years of experience, we've developed a powerful platform that provides accurate forecasts and customized insights to help our partners make proactive decisions. Our platform is designed to be user-friendly and accessible to both technical and non-technical users so anyone can take advantage of its predictive power.
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5 minute read
On the external data selection process that drives scenario-based forecasts
5 minute read
ime series are a string of numbers varying across time. It could be the weather, sales of tissue paper, electricity demand of a region, or countless other things. There are plenty of useful things to do with this type of data, but here, the focus is on forecasting.
11 minute read
Overview of different use cases and methodologies
1. Market forecasts
We've made forecasting accessible for everyone. Our infrastructure automates the forecasting process so you can focus on decision-making. Using a rich set of industry-specific targets, our platform uses a genetic algorithm to find the ideal forecasting model with unbeaten accuracy. We pair that with powerful signals that you can use to make proactive decisions. Best of all, you don't need any technical experience to get started.
name | forecast | absolute change | relative change |
---|---|---|---|
New Housing Starts | 1.25k | -200 | -13.8% |
Consumer Price Index | 310 | 8 | 2.6% |
Home Price Index | 612 | -10 | -1.9% |
These forecasts are opinion and are for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
2. Bring-your-own-data forecasts
Collaborate with Nousot's team of data scientists to create accurate forecasts using your own data. No technical expertise required – simply provide us with your data and we'll work with you to understand it and create a customized model that fits your needs. We'll also provide you with a user-friendly dashboard that enables you to monitor your forecasts and make changes as needed, ensuring that you stay ahead of the competition.
3. Self-service forecasting
With Chronos, you're in control. Our suite of time-series tools empowers both technical and non-technical users to quickly and easily get started with advanced features – without sacrificing performance. Whether you're looking for forecasting tools with advanced algorithms, human-understandable forecasts, or scenario analysis, each tool is designed to provide an intuitive visual that helps you understand what your data is saying. With Chronos, taking matters into your own hands has never been easier.
Generate forecasts using state-of-the-art algorithms and advanced model analysis
Generate forecasts for a number of scenarios at once and view the results together
Exploratory data analysis to visualize the characteristics of your data
A curated collection of datasets from publicly available sources
In-sample detection, visualization, and removal of unexpected data points
Join our platform to gain access to accurate forecasts, customized recommendations, and expert insights that will help you make data-driven decisions and stay ahead of the competition.
Data science accelerated
When building a new forecasting tool, we make sure it fits with our overall design philosophy. Leverage human intuition, be easy-to-use, and never sacrifice performance.
Scenario-based Forecasting leverages a new paradigm in machine learning and advanced analytics which is known as human-in-the-loop. Human-in-the-loop aims to achieve what neither a human being nor a machine can achieve on their own. When a machine isn’t able to solve a problem, humans need to step in and intervene.
The Scenario Creation tool makes new scenario generation fast and effective. From market research to business instinct and even word of mouth, there is valuable insight that an analyst with good domain knowledge can bring to the table.
All of the interfaces that are a part of the Chronos platform have been designed so that anyone can use them, no matter their technical background.
Where relevant, Chronos provides interactive visualizations to see your data in ways not possible with the standard data science toolkit.
Chronos employs many of the most popular algorithms as supported forecasting engines, covering all methodologies from statistical, curve fitting, and machine learning. Skilled users leverage the platform to deliver the most optimized result for a given time series.
For advanced users, Chronos doesn't compromise tuning and customization for simplicity. For each supported forecasting engine, users can adjust the behavior of their forecasts with the relevant parameters exposed.