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mForecast

mForecast
  • #: 20514
  • Price: $1.99 In Apple Store
  • Category: Finance
  • Updated: 2011-01-24
  • Current Version: 1.2
  • 1.2 (iOS 4.0 Tested)
  • Size: 0.40 MB
  • Language: English, French, German
  • Seller: iDataCrunch LLC
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 3.1 or later
  • © iDataCrunch LLC
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Description

mForecast is a forecasting application designed for iPad and iPhone, that allows users to enter data, track/visualize it as well as forecast. mForecast is primarily used for a) Expense / bills tracking, analysis and forecasting b) Sales forecasting / Demand Planning c) Time series analysis and general forecasting.

mForecast shows you your projected future expenses/sales by analyzing your past data and computing forecasts taking into account seasonality and current trends.

Many other apps just allow you to store your bills but mForecast does much more than that. It shows you your budget into the future and where you will be spending your money, this may help you to control your spending.

mForecast uses industry standard smoothing algorithms and forecasting techniques that large corporations use to forecast their sales, the same techniques can now be used by you on your ipad/iphone to predict your expenses

Follow these 3 easy steps to get started

1) Create a new bill/sales by touching Options and entering a new Title and touching Create New.

2) Enter historical data by touching History. For seasonal items such as electric/utility bills enter at least 1 year of history for a good forecast. For fixed bills such as mortgage just enter previous month's data.

3) Touch forecast, and review the forecast. You can override generated forecast if needed.

Use the Email and More options to email CSV output of the historical data as well as the forecast. You have the option of either exporting just one item or all data on your device.

Key Features

-Automatic forecasting without need for expert tuning

-No limit on number of sales items/bills you can enter

-No limit on amount of history that can be entered

-All data stored on your device as its entered

-Easy to view graphical display of your data

-Export CSV (can be opened in Excel) either individual item or all items; Export all format particularly useful for further analysis.

-You can also use this app as a way to convert your paper bills to a spreadsheet

-Email CSV spreadsheets from inside the app (no need to leave the app)

-Pie charts show distribution of your expenses/data, can traverse back and forth in the pie charts.

-Ability to tag past promotions for sales forecasting, enter future promotions

-Simple intuitive interface to enter/edit and delete data

-Key data statistics such as mean, median, standard deviation, min, max, number of outliers, missing data shown

-Ability to change generated forecasts

-Forecasted data can be of any unit of measure not necessarily currency

-Outlier detection and correction - corrects abnormally high/very low data prior to forecasting

-Intermittent data supported just enter 0 for months where there is no sales/expense (e.g. lawn care expenses during winter should be entered as 0 for all the winter months).

-Expert forecast tuning supported - Supported techniques Simple Moving Average, Exponential Smoothing (Holt-Winters), Auto (heuristic pick of best technique); Settings are by time series, so you can select different settings for different products/bills.

-Tunable Smoothing parameters - Alpha (Level), Beta (Trend), Gamma (Seasonality)

-Convenient sample data load feature to get started

-Tunable SMA period

-Supported languages – English, German, French

What's New in Version 1.2

-Pie chart navigation improved added reverse and forward buttons
-Support for German and French Languages
-iPad forecast chart improved
-Table data presentation improved

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Rated 2/5 based on 2 customer reviews.

 

5/5 stars

Great App !!

:
Downloaded and tried out this app. Installs and works as expected. Didn't encounter any issues or crashes. Interface is clean and user-firendly and the forecast makes a lot of sense. Is a great, easy to use tool to curb your profligate spending habits. Recommend everybody to try it out.

0/5 stars

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The information may be outdated (2011-03-27 23:38:28). For actual information go to iTunes


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