What is included in this data set?
The Forecast Evolution topic is a comprehensive data set designed to enhance forecast accuracy by enabling an evolution analysis of property-level monthly forecasts. The topic 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 topic, 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 topic?
Check out these articles for more information on the data available and how to use this to maximize actionable insights:
For more guidance or specific inquiries about integrating and leveraging this data, please refer to the Insights help documentation or reach out to our Advisory team for personalized support.