Driven by automated no-code forecasting, detect market trend shifts in advance with improved forecast accuracy.
Time taken to
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Relevant
leading
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MAPE
forecast
accuracy
This variable provides insights into the demand-supply balance, production activity, lead-lag relationships, market sentiment, seasonal variations, and the interconnectedness of the construction materials and machinery sectors.
This provides valuable insights into market dynamics, consumer confidence, spending trends, and seasonal patterns, all of which can impact the level of new orders received by manufacturers for construction machinery.
Hitachi Construction Machinery is a prominent player in the construction machinery industry. If Hitachi Construction Machinery experiences significant changes in their sales or order volumes, it can be indicative of broader market conditions and potentially influence the demand for construction machinery.
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market demand for specific machinery types, plan for product updates or replacements, and avoid excessive inventory of outdated models.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.
Book a demo“Indicio advances our digital strategy of becoming a data-driven organization, producing accurate forecasts in a fraction of time."
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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