Manufacturing
Driven by automated no-code forecasting, detect market trend shifts in advance with improved forecast accuracy.
Time taken to
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Relevant
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MAPE
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accuracy
At first glance, it might not seem directly related to the production of chlorine. However, understanding the broader context and the potential indirect links can shed light on its potential significance.
This variable directly measures the amount of chlorine produced over a specified period. When forecasting the production of chlorine, this is one of the most straightforward and critical indicators to consider for several reasons, as it tends to reflect the demand for chlorine and its derivatives.
This variable refers to the price of Brent crude oil in the spot market, typically quoted on a per-barrel basis. Brent crude is one of the major trading classifications of sweet light crude oil and serves as a major benchmark price for worldwide oil purchases.
Use cases
Indicio provides you with a clearer understanding of your future demand by identifying your relevant market drivers, to ensure you successfully plan your production more effectively and avoid overproduction or underproduction.
Optimize production by improving forecast accuracyConstruction machinery typically has long product lifecycles, making accurate forecasting essential for planning production and inventory management. By improving forecasting accuracy, manufacturers can better anticipate market demand for specific machinery types, plan for product updates or replacements, and avoid excessive inventory of outdated models.
Detect market trend shifts ahead of timeAnticipate market trends and assess the demand for new technologies, and make informed decisions about research and development investments, product diversification, and production capacity.
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We cover the key leading indicators for a scope of industries ranging from industry to commodities.
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We are an automated forecasting software that bridges the latest statistical models from academia with the specific leading indicators in an organization's market environment. Helping your organization achieve the highest forecast accuracy.
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