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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Ouron the topic "data & future" is going to take place on September, 9th, 2020. Listen to exciting talks and live interviews, meet exhibitors and discuss news and trends about data, future and digitization while having a virtual cup of coffee. We are looking forward to your visit! P.S. Registration is for free.