Search
Close this search box.

Sales Forecasting Chart your path to growth

Identify the indicators that predict sales

Whether you’re launching a new product or optimizing an existing one, you need a clear understanding of which factors are the most important for driving sales.

Hanover’s Sales Forecasting solution helps you do that. Using advanced data analysis, Hanover identifies internal and external sales drivers and uncovers critical predictors of conversions. As a result, you can more accurately and efficiently forecast revenue, allocate territory, maximize opportunities for conversion, and, ultimately, increase sales.

0 %
Companies who saw an increase in revenue from market research insight

Optimize the factors that lead to higher sales

Uncover

Determine the key external variables that affect sales performance.

Understand

Identify the trends that lead to peaks and valleys in sales.

Anticipate

Counteract periods of decline by identifying the biggest factors affecting sales.

How it Works: Sales Forecasting

Hanover’s data scientists employ a wide range of advanced data analysis to predict drivers of sales conversion, including linear or logistic regression and decision-tree or ARIMA modeling.

1Created with Sketch.

Evaluate Internal Data

Hanover analyzes CRM data including sales metrics and available firmographic and geographic indicators.

2Created with Sketch.

Incorporate External Indicators:

Our team incorporates macroeconomic data via a market indicator analysis. Additional data such as industry expenditures and lagging indicators may also be included in the model to create a holistic view.

3Created with Sketch.

Uncover Drivers of Sales and Predict Performance

Hanover models internal and external data to capture movements in historical trends and predict future sales. Forecasts are segmented into various models which analyze the impact of various indicators. The models are then interpreted to uncover the most casual factors contributing to and driving sales performance.

The Teaching Company

Hanover’s Research-Based Insight Drives New Product Development

“Hanover’s predictions and estimates were right in line with the actual price tradeoff and acquisition rates we experienced during product launch. Our leadership team regularly says that this is the most heavily and thoroughly researched NPD launch that they’ve ever been part of.”

—Kevin Manzel, Director of Innovation, The Teaching Company

Make decisions with confidence, not guesswork

Hanover Research provides high quality, custom research and analytics through a cost-effective model that helps clients in the corporate, education, and healthcare sectors make informed decisions, identify and seize opportunities, and heighten their effectiveness.

Flexible

Ongoing research agenda adapts with your organization’s needs

Expert

200+ analysts with advanced research expertise

Efficient

Annual, fixed-fee model delivers shared costs and benefits

Dedicated

Exclusive account and research teams ensure strategic partnership

Uncover the data you need for accurate sales insights

Become a client

Access the best custom research to help hit your organization’s goals. Request your custom consult below and a member of our team will be in touch.

Have questions? Please visit our contact page.

Let us come to you!

Receive industry insights directly in your inbox

Our newsletters are packed with helpful tips, industry guides, best practices, case studies, and more. Enter your email address below to opt in: