The model which the demand for service is forecast, is made by
analyzing several past data such as number of guests/visitors, sales or/and the
number of transactions conducted during a specific time period.
The type of data to be analyzed will vary accordantly to client`s
industry, particular requirements and availability of the data itself.
This past data makes the foundation of the forecast service demand
model although
other measures are also considered since the past data can be
influenced by external and timely situations such as:
Weather
Events
Marketing and Ad
campaigns
Etc...
Moreover, considering extra elements that also greatly influences
the demand for service for instance:
Seasons
Days of the week
Point in time
Etc...
Winworks develops and applies techniques on its forecast service
demand model analysis that continuous considers those measures and elements.
Furthermore, as the demand for service changes on a daily basis,
the mid/long term can be influenced by the variation in business or sector
growth. The model initially created by inputting monthly data is continuously
and automatically readjusted, and the mechanism that can reflect on the latest
business circumstances at any point in time is mostly built already into
WINWORKS One.
The Winworks calls this prediction method "Adaptive Reduced
Model".
People Performance Management Company
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