Case Study: a multi-billion dollar retailer improves forecasting and scenario planning with Prevedere

Multi-Billion Dollar Retailer - Customer Case Study

A multi-billion dollar retailer partnered with Prevedere, an intelligent forecasting company, to tackle the challenge of integrating market and economic intelligence into its planning process. The retailer's leadership needed to identify unique geographic leading indicators for their business and improve their ability to forecast same-store sales and major expense items to optimize working capital decisions.

Prevedere utilized its global data and AI/ML solution to build econometric forecast models, identifying highly predictive external signals for the retailer's key categories and expenses. The solution provided the retailer's Insights Team with multiple scenario forecasts, resulting in a 97.5% forecast accuracy from back-tested models, a 50% reduction in time spent hunting for external data, and a 70% shorter time to build economic scenarios, enabling more confident and efficient planning.