Predicting the growth of the Global market for 17 years with more than 97.5%👍accuracy
➡️ AI-based Forecasting of the Global Market📈
➡️ High forecasting accuracy for 17 years!🔥
➡️ AI model proved resilient to the many crises of the past two decades
Download the case presentation:
A published forecast was able to predict the evolution of the Global Market from 2006-2022, with high accuracy, exceeding 97.5%.
This is an even bigger accomplishment if you consider the many challenges of this period, including the Great Recession of 2007-2009 and the Global Covid-19 pandemic starting from 2020 onwards.
The forecast was based on the same Predictive AI econometric model utilized by FutureUP today and allowed for proactive, long-term planning.
The forecasting challenge
Forecast the long-term growth potential of the Global Market in times of great uncertainty, including the Global Financial Crisis of 2008 and the Pandemic of 2020.
A published forecast, using known data up to 2005, leveraging an innovative Predictive AI econometric model to estimate the Global Market as measured by the Global GDP.
The result & benefit
👍High forecasting accuracy
The model’s estimates remained very close to actual values from 2006 to 2022, with just a 2.4% average error, despite the many challenges of the past years.
👍Plan ahead with confidence
Long-term anticipation of significant market trends enables companies, people, and governments to plan ahead and prepare accordingly.
Interested in learning more about AI-Powered Price Optimization and Strategic Forecasting?