Forecasting Software is suited for energy sector.
Share:
Press Release Summary:
Web-based ForecastExpert manages creation, analysis, and publication of forecasts that can be performed at detailed levels down to individual meter points. In addition to energy usage, application supports forecasts of other metrics such as customer count and revenue. Software leverages proprietary calculation engine and forecasting techniques such as trending, linear and non-linear regression, proxy-day, and other like-day approaches. Other models can be added.
Original Press Release:
LODESTAR Announces the Release of ForecastExpert
Removing the uncertainty from forecasting
PEABODY, Mass., Aug. 2 -- LODESTAR Corporation, a leading provider of software solutions for the energy industry, announces the release of LODESTAR(R) ForecastExpert, a powerful, flexible, web-based product built specifically for the energy sector. ForecastExpert manages the creation, analysis, and publication of forecasts. By leveraging LODESTAR's powerful calculation engine and forecasting techniques, this application enables forecasters to improve their forecasting process.
Users can address any and all forecasting needs with ForecastExpert. Any number of forecasting processes can be specified; for example short-term forecasting for scheduling and purchases, and medium- and longer-term forecasts for planning and longer-term purchases. In addition to energy usage, the application supports forecasts of any number of other metrics such as customer count and revenue.
"ForecastExpert is a great addition to our product line," declares Shawn Fountain, Vice President of Products at LODESTAR. "One of its key differentiators is its powerful backcasting functionality that automatically selects or recommends the best model for future forecasts for a given forecast entity and situation. We are confident that will lead to more accurate forecasts."
LODESTAR is a leader in working with the largest sets of interval data. This allows forecasting to be performed at the most detailed level of granularity -- even down to the individual meter point. Such detailed forecasts allow more factors to be considered in the search for even more accurate forecasts. LODESTAR's ForecastExpert contains common forecasting techniques including trending, linear and non-linear regression, proxy-day and other like-day approaches. In order to better address local phenomena, any number of additional models can be added via standard configuration that requires no changes to the software.
ForecastExpert can be used standalone or in conjunction with other LODESTAR Customer Choice Suite(TM) applications. When combined with these other products, data is shared in one single repository, thereby handling all energy data needs with ease.
About LODESTAR Corporation
LODESTAR is a world-leading provider of energy software solutions. Over 120 leading energy companies use our solutions worldwide. LODESTAR Corporation's headquarters is at Two Corporation Way in Peabody, MA 01960 USA. LODESTAR and LODESTAR's other marks are either trademarks or registered trademarks of LODESTAR Corporation in the U.S. and/or other countries. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such.
Patricia Mansfield
Phone: 978-270-0134
Email: patricia_mansfield@lodestarcorp.com
Web site: http://www.lodestarcorp.com/
