mForecast by iDataCrunch LLC (Universal)
Released: Dec 31, 2010
Version: 3.3
Size: 11 MB
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Price History

Ranking - Finance (iPhone)

Ranking - Finance (iPad)


iDataCrunch LLC
mForecast is a sales forecasting/demand planning app. mForecast is also used for general time-series forecasting, pretty much any kind of monthly data can be forecasted using mForecast. You can track/visualize and forecast your data using mForecast. mForecast is a complex and full fledged statistical forecasting system packaged as an easy to use app.

Whether you are a small business owner trying to track and predict your sales/bills or a demand planner looking for an forecasting tool, or a general purpose time-series forecaster, you will find mForecast to be a powerful tool on your iPhone/iPad to get your work done quickly. Even app developers can use mForecast to forecast their own app sales! Easy to use interface makes entering data very simple. Supports only monthly data.

Cloud Sync:

Cloud sync enables you to keep your data across devices in sync. Cloud sync can also be used to share data with other users. When you buy mForecast this feature will not be enabled, it must be purchased by clicking "Sync" and following the prompts.

Cloud Sync is a Paid AUTO Renewable Subscription, that you must purchase additionally from within the app.
Length: Yearly
Price: USD $1.99 **
Renew Policy: Auto renewable
Terms & Privacy Policy:

**Payment will be charged to iTunes Account at confirmation of purchase. Subscription automatically renews unless auto-renew is turned off at least 24-hours before the end of the current period. Account will be charged for renewal within 24-hours prior to the end of the current period, and identify the cost of the renewal. Subscriptions may be managed by the user and auto-renewal may be turned off by going to the user's Account Settings after purchase. No cancellation of the current subscription is allowed during active subscription period. Any unused portion of a free trial period, if offered, will be forfeited when the user purchases a subscription to that publication.

Key Differentiators for mForecast:

-Only app of its kind that does forecasting on the iPhone/iPod/iPad without need to buy any additional software. Works offline.
-Advanced smoothing techniques and statistical analysis of data.
-Cloud sync enables you to keep your data across devices in sync.
-Cloud sync can also be used to share data with other users.
-Generated forecast has level, trend and seasonality built into it. SMA support for simple time-series.
-Handles promotions, special events.
-Easy to use interface to enter and visualize data.
-Large and satisfied user base. App LIVE for 1+ year.
-Users well familiar with statistical smoothing techniques use this app for stock analysis by tweaking the alpha, beta and gamma parameters.
-Built by professionals with in-depth understanding of forecasting.
-Universal app, buy once and download on iPhone/iPod/iPad.
--Automatic forecasting without need for expert tuning.
-Ability to tag past promotions for sales forecasting, enter future promotions.
-Ability to change/override 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 tweak these parameters by item.
-Tunable Smoothing parameters - Alpha (Level), Beta (Trend), Gamma (Seasonality)

What's new in version 3.3
-Bug fixes
-Interface improvements
Our verdict: Pass
  • mForecast is a poorly rated app (1-star).
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