FAQ: Is it Possible to Predict Business Futures Using External Data?

FAQ: What Will be the New Norm for Planning Post-COVID?

Almost all businesses have had forecasts adversely impacted by pandemic driven volatility. Some industries saw unprecedented gains while others saw severe losses. A ‘new norm’ is needed for strategic planning and forecasting. Businesses now need to pay very close attention to relevant external influences and to economic and industry signals, especially those that are leading indicators for your future business.

Predictive analytics, artificial intelligence and big data, especially economic and industry data, now present a real option for organizations looking to make this transformational change to new norm planning. Don’t be blindsided again by market and industry volatility. Get more insights today.

U.S. Economic Outlook: Inflation and Housing

Prevedere’s U.S. economic outlook focuses on one of the hottest housing markets in history. In this update, Andrew Duguay, Prevedere’s Chief Economist, discusses the housing market, its impact on inflation, and the long-term effects of rising home prices.

U.S. Economic Outlook: Tight Labor Market

In this 13-minute discussion, Andrew Duguay, Prevedere’s Chief Economist, discusses a paradox of U.S economic recovery – how can we be in a situation where there are 8.5 million fewer Americans employed, yet the job market feels red hot?

Andrew answers this question by providing data, in addition to the unemployment rate, to get a market feel estimated rate. He then provides perspective on how businesses can interpret this information and illustrates comparisons to both recessions past and times of normalcy.

During the discussion, Andrew also provides an update on expected GDP growth, what he expects for consumer demand, and how that impacts wages and margins.

FAQ: Is it Possible to Predict Business Futures Using External Data?

Almost all businesses have had plans and forecasts adversely impacted by COVID. Some industries saw unprecedented gains while others saw severe losses. It is now critical to incorporate external data and economic volatility into business planning processes.

With extensive machine learning, it is also possible to make predictions from external data sources, especially those industry and market signals that correlate to your specific lines of business.

Invest 6 minutes of your day to find out how.

C-Series On Resilience Planning with Tony Cioffoletti

In this podcast, the third in a C-Series for Resilience Planning in a COVID economy, Chris Wheeler, Prevedere VP of Partnerships, and Tony Cioffoletti, a founder, CEO, board member, and advisor discusses the critical role both internal and external data plays in resilience planning.