All Collections
Insights
Explores
Forecast Evolution Explore
Forecast Evolution Explore

This article breaks down the Forecast Evolution Explore within the Data Explorer

Ashley Dehertogh avatar
Written by Ashley Dehertogh
Updated over a week ago

Welcome to the Forecast Evolution Explore!

What is included in this data set?

The Forecast Evolution Explore is a comprehensive data set designed to enhance forecast accuracy by enabling an evolution analysis of property-level monthly forecasts. The Explore includes:

  • Visual Forecast Tracking: Tools to visually compare forecast evolution, allowing users to see how forecasts align with actual outcomes over time.

  • User and System Forecast Comparisons: Capabilities to compare user forecasts, system forecasts, and actualized data across different properties and stay months.

  • Segmentation Analysis Support: Accuracy analysis for key performance metrics at both the overall and segment levels, focusing on local currencies.

This data set is geared towards improving the operational efficiency and strategic decision-making capabilities of hotel-level managers and enterprise executives by providing them with more intuitive and powerful forecasting tools.

What can I do with this data?

Leveraging the Forecast Evolution Explore, users can achieve several critical objectives:

  • Enhance Forecast Accuracy: Leverage advanced forecasting tools and metrics to refine the accuracy of forecasts across different properties and forecast months.

  • In-depth Analysis: Perform comprehensive comparisons and segmentation analyses to understand forecast accuracy at an intricate level, across all KPIs.

  • Strategic Planning: Support strategic planning at the property level through accurate overall revenue predictions and forecast validation.

How do I use this explore?

Check out these articles for more information on the data available and how to use this to maximize actionable insights:

Did this answer your question?