Revenue forecaste
You can now find a revenue forecast in the Tebi Back Office > Insights > Forecast.
With this feature you will be able to get a better idea of how your revenue will look over the next 7 days, 14 days and 21 days. You can look at ‘This week’ to see how your actual revenue is performing in comparison to the forecast. We hope that this information can support your planning, and reduce the uncertainty of what’s ahead for your business.
How does this come together?
We create this revenue estimate by looking at previous sales patterns, events such as bank holidays and the weather forecast. Since the weather is a big part of the calculation, and it is notoriously unpredictable, the forecast is likely to be more accurate fewer days in advance. We updated every morning at 9am to make sure the latest data is incorporated.
How to interpret the chart?
‘This week’ view
The purple bars in the chart show the actual revenue from the days of the current week to compare the forecast against.
The trend icon shows if the actual revenue is higher (green) or lower (red) than the forecasted revenue.
The forecast total at the top of the chart is the total revenue forecasted for this week.
The actual revenue at the top of the chart shows the total actual revenue for the current week.
Hovering over the forecast shows the range of the forecast (high, median, low) and the comparison to the actual revenue.
‘Next 7, 14, 21 days’ view
The grey bars in the chart show the revenue of the previous numbers of days selected to compare the forecast against.
The trend icon shows if the forecast is expected to be higher (green) or lower (red) than the previous week's revenue.
The forecast total at the top of the chart is the total revenue forecasted for that period.
The comparison total at the top of the chart is total revenue from the previous period.
Hovering over the forecast shows the range of the forecast (high, median, low) and the revenue compared to the previous period.
Product forecast
The Product forecast helps you plan ahead by predicting how many units of each product you’re likely to sell in the coming days.
For each product, Tebi analyses:
Historical sales data
Seasonality patterns
The local vacation calendar
Based on this data, Tebi generates a forecast per product. This works in a similar way to the revenue forecast, with one difference: weather data is not used for product forecasts. The forecast updates continuously as new sales data comes in, so you always have the most up-to-date expectation for the week ahead.