Press
Release
FOR IMMEDIATE RELEASE
New Release of Forecast Pro Unlimited Software Announced
Includes Enhancements to Forecasting Methodology, Report Design
and User Interface
Belmont, MA—October 7, 2003—Business Forecast Systems, Inc.
(BFS) announced today the availability of Forecast Pro Unlimited
Version 4.2, a new release of the popular Forecast Pro Unlimited
software package. Forecast Pro Unlimited is used by businesses of
all sizes to forecast product sales, revenues, demand for services
and other important variables. Forecast Pro Unlimited can be used
as a stand-alone solution or integrated with production planning,
supply chain management, inventory control or other planning systems.
The new release of Forecast Pro Unlimited improves upon the product’s
award-winning forecasting methodology, allows greater flexibility
in report design and sports an enhanced user interface.
Forecast Pro Unlimited Version 4.2 is a state-of-the-art statistical
forecasting package that uses artificial intelligence and powerful
methodology to yield unsurpassed forecasting accuracy. In expert
selection mode, Forecast Pro Unlimited uses a rule-based expert
system and proprietary statistical algorithms to analyze data, select
appropriate forecasting techniques and create forecasts, allowing
users with little or no forecasting experience to use the program
effectively. Forecast Pro Unlimited supports a collaborative forecasting
environment where colleagues may work together to develop a final
forecast. The product’s override facility allows for judgmental
adjustments to be easily made and documented.
Forecast Pro Unlimited includes a wide variety of forecasting techniques
to accommodate all types of business data. Methods include exponential
smoothing, Box-Jenkins (ARIMA), Croston’s intermittent demand,
low volume models, event models (for forecasting promotions or business
interruptions) and multiple-level (hierarchical) models. The program
also provides a portfolio of supporting features including graphical
displays of forecasts, on-screen adjustments, multiple forecast
overrides, model descriptions and statistics, and customized reports.
Among the many enhancements included in Forecast Pro Unlimited
4.2 are:
- improved expert selection logic; for example, new logic
in the algorithm for forecasting seasonal items that include periods
with no demand.
- input/output enhancements including greater flexibility
in reporting, designing output and interfacing with other systems;
for example, a customizable audit trial which allows users to specify
the information reported about forecasts generated by the software.
- an enhanced GUI which allows for easier manipulation of
data, reports and forecasts when forecasting complex hierarchies
and large-scale jobs.
"Forecast Pro Unlimited provides the flexibility we need as
our organization continues to evolve. The software is inexpensive,
quick to implement, and has a simple, friendly interface that makes
training easy. Forecast Pro enables us to produce solid, understandable
forecasts that drive our business," notes Randy Howard of Hobart
Corporation, a premier commercial food equipment and service provider
for the foodservice and food retail industries.
Forecast Pro Unlimited 4.2 runs on all Windows and NT platforms.
Minimum requirements include 32 megabytes of RAM, and 15 megabytes
of available hard drive space. The list price is $4,995. More information
is available by visiting www.forecastpro.com or by calling Business
Forecast Systems at (617) 484-5050.
About Business Forecast Systems
Founded in 1986, Business Forecast Systems, Inc. (BFS), is the
maker of Forecast Pro, the leading software solution for business
forecasting, and is a premier provider of forecasting education.
With more than 25,000 users worldwide, Forecast Pro helps thousands
of companies improve planning, cut inventory costs and decrease
stockouts by improving the accuracy of their forecasts. More than
3,000 forecasting professionals have attended BFS forecasting education
events, including the annual Forecasting Summit, which is recognized
as the premier conference for business forecasting professionals.
For more information about Forecast Pro, visit www.forecastpro.com.
Contact:
Holly Stanton
Marketing Director
Business Forecast Systems, Inc.
Phone: (617) 484-5050
Fax: (617) 484-9219
email: hstanton@forecastpro.com
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