Case Study: a leading aviation manufacturer boosts forecast accuracy with Indicio Technologies

How an aviation manufacturer increased their market forecast accuracy by 40%

The aviation manufacturer faced significant challenges in accurately forecasting sales volumes to optimize production. Their reliance on an Excel-based method led to the selection of irrelevant leading indicators and poor forecast accuracy. To address this, they partnered with Indicio Technologies to minimize errors and better detect market trend shifts.

Indicio implemented a solution that identified the manufacturer's specific seasonal patterns and relevant leading indicators using a Lasso model. They built and weighted multiple econometric forecast models to create a highly accurate, multivariate forecast. This approach from Indicio resulted in a 40.4% increase in forecast accuracy, enabled the detection of market shifts months earlier, and led to significant operational savings and improved management alignment.