Forecasting sales and forecasting uncertainty
There are a large number of methods used for forecasting ranging from judgmental thru expert systems and time series to causal methods.
There are a large number of methods used for forecasting ranging from judgmental thru expert systems and time series to causal methods.
We know that forecasts based on average values are on average wrong. In addition will deterministic models miss the important uncertainty dimension that gives both the different risks facing the company and the opportunities they bring forth.
Concessions are an important source of revenue for all airports. An airport simulation model should therefore be able to give a good forecast of revenue from different types of concessions.
Strategy @ Risk Ltd. develops models for simulating economic and financial decisions under uncertainty.
We have done projects in Finance, Banking, Pulp & Paper, Airport Operations, Brewery, Aquaculture, and more.