business process modeling tools
I want to make forecasting the volume of a transaction processing company, how and what tool can be used?
Please clarify detailed forecast model.The volume entering the company receives daily once. I have data for the past eight months.
Not sure how detailed volume forecasts have to be. I have made some models in Excel and also bought a modeling tool. The parameters of the tool depends on what you you are in the industry, and what period of growth that is forecast. One day a week, a month, etc. First, if you have historical data, can make a simple Excel model that trends in the data. If the volume is similar in certain days, then the model could make the average volume in a discourse (A), and average growth in another discourse (B). The most recent historical volume could be in the third discourse (C). Discourse D may have a formula that takes C * (1 + (B / A)). Otherwise, you can Purchas a model similar to http://www.manageforperformance.com ProfitStars.
