Predicting Sales Dashboard

 

What was the question

Data can be used as a kind of crystal ball. Predictions can be made using data. Lumission has asked to make sales forecasts for a year. DATA KINGDOM has made this prediction for 8 different product groups using three different methods.

Fictitious data is displayed in the demo dashboard.

What are we looking at?

Data from:
– Navision

For example:
– Monthly forecast
– Weekly forecast
– Average actual sales
– Sales forecast
– Actual sales
– Confidence interval

 

Caliber dashboard

What did we learn from this project?

Lumission was able to gain insight into potential future sales. Seasonal patterns are also recognized using the data. This allows Lumission to anticipate purchasing and sales. Choices can now be made to use costs as efficiently as possible, resulting in more profit.

 

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