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In December 1998, John Galt’s ForecastX competed with established
Business Forecasting Software Companies. The competition included
Quarterly, Annually and Monthly time intervals and included data
samples from Microeconomic, Industry, Macro, Finance and Demographic
categories.
John Galt's ForecastX software crushed the competition in four of the six
data categories at the 1998 M3 Competition in its first year of
competition. With its enhanced expert selection John Galt narrowly
missed winning in the monthly category by .001%. At John Galt we
are not satisfied with the status quo. Since the M3 we have worked
tirelessly to enhance our product. We were good then, we are great
now.
With the enhancements we have made to our
product we are now the undisputed leader of the industry |
| QUARTERLY DATA MAPE (MEAN ABSOLUTE PERCENT ERROR) |
| ForecastX |
4.8 |
6.7 |
7.6 |
9.1 |
9.8 |
11.3 |
13.3 |
0 |
0 |
0 |
7.04 |
8.22 |
9.38 |
9.38 |
9.38 |
9.38 |
756 |
| Forecast Pro 3 |
4.9 |
6.8 |
7.9 |
9.6 |
10.5 |
11.9 |
13.9 |
0 |
0 |
0 |
7.28 |
8.57 |
9.77 |
9.77 |
9.77 |
9.77 |
756 |
| SmartForecasts |
5.9 |
7.7 |
8.6 |
10 |
10.7 |
12.2 |
13.5 |
0 |
0 |
0 |
8.02 |
9.16 |
10.15 |
10.15 |
10.15 |
10.15 |
756 |
| YEARLY DATA MAPE (MEAN ABSOLUTE PERCENTAGE ERROR) |
| ForecastX |
8.5 |
12.4 |
16.1 |
18.2 |
21 |
22.7 |
0 |
0 |
0 |
0 |
13.8 |
16.48 |
16.48 |
16.48 |
16.48 |
16.48 |
645 |
| Forecast Pro 3 |
8.3 |
12.2 |
16.8 |
19.3 |
22.5 |
24.1 |
0 |
0 |
0 |
0 |
14.5 |
17.14 |
17.14 |
17.14 |
17.14 |
17.14 |
645 |
| SmartForecasts |
9.5 |
13 |
17.5 |
19.9 |
22.1 |
24.1 |
0 |
0 |
0 |
0 |
14.95 |
17.68 |
17.68 |
17.68 |
17.68 |
17.68 |
645 |
| Monthly Data Set 1 MAPE (MEAN ABSOLUTE PERCENTAGE ERROR) |
| ForecastX |
11.6 |
11.2 |
12.6 |
14 |
12.4 |
12.2 |
12.8 |
13.9 |
17.8 |
18.7 |
12.32 |
12.31 |
12.46 |
12.83 |
13.60 |
14.45 |
1428 |
| Forecast Pro 3 |
11.5 |
10.7 |
11.7 |
12.9 |
11.8 |
12.3 |
12.6 |
13.2 |
16.4 |
18.3 |
11.72 |
11.82 |
12.06 |
12.46 |
13.09 |
13.86 |
1428 |
| SmartForecasts |
11.6 |
11.2 |
12.2 |
13.6 |
13.1 |
13.7 |
13.5 |
14.9 |
18 |
19.4 |
12.16 |
12.58 |
12.9 |
13.51 |
14.22 |
15.03 |
1428 |
| Monthly Data Set 2 MAPE (MEAN ABSOLUTE PERCENTAGE ERROR) |
| ForecastX |
9.6 |
11.1 |
13.2 |
15.1 |
15.1 |
15.4 |
13.8 |
16.5 |
21.2 |
22 |
12.25 |
13.24 |
13.29 |
13.77 |
14.51 |
15.34 |
2141 |
| Forecast Pro 3 |
9.6 |
10.8 |
13 |
14.9 |
15.3 |
15.9 |
14.1 |
15.6 |
19.5 |
21.7 |
12.05 |
13.25 |
13.34 |
13.78 |
14.37 |
15.09 |
2141 |
| SmartForecasts |
10 |
11.2 |
13.5 |
15.4 |
15.9 |
16.6 |
14.3 |
17.3 |
21.5 |
22.5 |
12.51 |
13.74 |
13.82 |
14.42 |
15.09 |
15.87 |
2141 |
| Seasonal Data MAPE (MEAN ABSOLUTE PERCENTAGE ERROR) |
| ForecastX |
6.3 |
6.8 |
7.6 |
8.2 |
8.4 |
10.3 |
10.3 |
9.7 |
11.9 |
13.2 |
7.21 |
7.94 |
8.59 |
8.83 |
9.18 |
9.65 |
862 |
| Forecast Pro 3 |
6.2 |
6.6 |
7.5 |
8.1 |
8.4 |
10.2 |
10 |
9.6 |
11.5 |
13.1 |
7.12 |
7.84 |
8.44 |
8.68 |
9.02 |
9.49 |
862 |
| SmartForecasts |
7.2 |
7.9 |
8.3 |
8.8 |
9.5 |
11.4 |
10.7 |
11.3 |
12.7 |
14.8 |
8.05 |
8.85 |
9.42 |
9.82 |
10.23 |
10.72 |
862 |
ForecastX software is the most cost effective and accurate business and sales forecasting solution
on the market! Join the fastest growing company in the forecasting
market and let ForecastX work for you. |
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