Data Forecast: Making long-term prediction for new brands on the market
A long-term income prediction system for financial trading markets.
Industry
Insurance, Financial market, Trading
Location
Ukraine
Client Since
2020
Team Size
3
Objectives and challenges
When launching a brand to the market it is important to have the estimates of the brand’s development for at least the nearest future. However, young brands do not have any history to refer to when it comes to making predictions. In such a case, it is possible to use historical data of other brands to make short- and most importantly long-term predictions about future brand growth or shrinking as well as to identify spikes in growth or decline. SOLVVE team developed a solution to make such predictions.
Solutions
By taking information about seasonal changes from so-called parent brands, i.e. similar businesses who have been on the market for a longer time, our team can create a number of complex features that replicate fluctuations in target metrics vital for your business.
As your business grows and new data about your brand flows in, SOLVVE experts can adjust the model to reflect the current and future state of things more accurately.
Features
- Utilising historical data of “parent” brands to make long-term predictions
- Using the latest achievements in data science and statistical analysis
- Building predictions for a multitude of target metrics based on time series data.
Project results
- Possibilities to draw predictions without having historical data for your brand.
- Enhancing business growth through the long-term predictions.
- Constantly updating existing metrics to renew previous predictions for the best accuracy and relevancy.
Technologies
Data science, Exploratory data analysis, Statistical analysis; Facebook fbprophet, ARIMA, Pandas, NumPy
“They’re very good at what they do.”
The team delivered good results, producing a high-quality platform that is scalable, and they may work on expanding the product to new regions. They are skilled in development but lack good resources in project management.
Chairman,
Gaming Company, Saudi Arabia
“It’s been a great experience for us.”
Since engaging with SOLVVE, the client has now streamlined and corrected their processes through a platform that meets their needs. They lead a communicative approach to work closely with the team for constant reports and summaries on the project. The client also praises their competitive pricing.
Executive,
Stone+Lain, Сanada
“We’re 100% satisfied with their services.”
Since partnering with SOLVVE, network downtime and technical issues have been minimized, much to the delight of internal stakeholders. The team performs well from a project management standpoint.
Avraham Gniwisch,
Healthy Longevity Cafe, Czech Republic
“They really care about making the app better.”
SOLVVE successfully delivers all the promised deliverables on time and within the discussed budget. They communicate timelines and costs very clearly via Zoom, ensuring an effective workflow.
Chad Jones,
Firm Foundation Academy, USA
“The team is great when it comes to complex development tasks.”
SOLVVE’s turnaround times have also been greatly commended. Thanks to their work, the company now has more time to generate business. Their project management has also been excellent, and they provide unique ideas to the firm.
Controller,
Manufacturing Company, New York, USA
“SOLVVE works quickly and communicates seamlessly with our team.”
Thanks to the SOLVVE team, the client can now track and manage customers, inventory, and user data more efficiently. The client appreciated how the vendor provided quick and clear communication and timely fixes.
Executive Assistantto CEO,
Healthy Longevity Cafe, Czech Republic
“They delivered on time, assessed needs, and found solutions if none was apparent.”
SOLVVE delivered the project on time, meeting the client's expectations. They communicated frequently and promptly via email and virtual meetings, ensuring an effective workflow.
Executive,
Terrae Voluntas, Texas, USA