For optimal planning, prices must be reliably predictable in the medium and long term. The aim is to quickly identify trend reversals, because even small price increases and decreases, for example in the purchase of raw materials, generate great cost-saving potential. How will prices develop in the future?
Depending on the research question, related influencing factors are determined and forecasts generated for the next few months. A scenario analysis enables a simulation of price developments over a mid-to-long-term horizon, whereby dependencies between prices and influencing factors are systematically taken into account. Expected, best and worst case scenarios can be derived.
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