Corporate Data Analysis and Forecasting
Our data analysis and forecasting services are targeted at helping corporations gain insights from historical patterns and evaluate the potential future impact of market events on their business. We collaborate with our clients to develop insights using proprietary and public data. We utilize these data to develop models of future market conditions for various industries. Our analyses help our clients make purposeful data-driven decisions.
Price and Demand Forecasting
Using historical data and econometric techniques to model relationship between price and demand across a range of competitive and complementary products to help maximize revenue, profits and/or market share
Forecasting Impact of Market Events
Evaluation and forecasting impact of events such as altered macroeconomic conditions, M&A activity and new entrants
Sales Strategy Impact Analysis
Analysis and forecasting impact of product and sales strategies including bundling, self-cannibalization and new product introductions
Econometric Modeling and Statistical Analysis
Development of econometric models for analyses of data including testing of hypotheses and modeling predictions using advanced statistical techniques
Selected Prior Experience
Forecasting New Drug Impact on Sales and Prices
Data Science Partners was retained to forecast the sales and prices of a newly-launched pharmaceutical drug in the U.S. Although the drug was marketed in European countries for several years, it was not approved for sale in the U.S. until recently. DSP analyzed extensive IMS-data on past sales and prices in the European countries for that drug, as well as other products in the same therapeutic category, to forecast post-launch sales and prices in the U.S.
Estimation of Cigarette Consumption
While detailed data on branded cigarette sales are readily available, data on consumption of cigarettes manufactured by and sold on Native American Reservations are virtually non-existent. Data Science Partners has been retained to estimate the consumption of Native American cigarettes in the State of New York. Using data from multiple sources, including state and national surveys, and complex statistical models, DSP economists were successful in estimating a reasonable range of consumption of Native American cigarettes in the state.