Can You Forecast Better than the Weatherman?

Wake up to a perfectly sunny 70 degree day but the forecast calls for snow on Thursday? This is nothing new to those of us that live in the northern parts of the United States. But how does the weatherman make these calls days ahead of time with no signs of snow? Some may say he has a sixth sense, while most can agree he is probably just utilizing the tools at hand.

shutterstock_108870227-resized-600The development of Doppler radar helped meteorologists better track weather patterns. How does it work?  The radar measures the direction and speed, or velocity, of objects such as drops of precipitation. This is called the Doppler Effect and is used to determine whether movement in the atmosphere is horizontally toward or away from the radar.

With MRI’s budget and forecasting product, we give you the tools to produce more accurate budgets and to easily reforecast budgets throughout the year when circumstances change.

MRI Budgeting and Forecasting is integrated with our Commercial Management product- meaning less data entry on your end. Import real data from your general ledger, commercial revenue, even from specific leases.

With budgeting and forecasting everyone can get involved with the budgeting process, well everyone you WANT to be involved. The product allows for collaboration on budgets while at the same time is very easy to use. Also, you will have insight to who has made changes within the system, and can continue to utilize our advanced user security to control who has access to information according to their roles.

Just like the weather, we never can predict 100% what may be on the horizon, but by utilizing our “Doppler radar” or tools such as Budgeting & Forecasting, we can allow better insight and prepare accordingly.

How do you utilize your tools?

Insights

MRI OnLocation NYC Monthly Commentary – May 2024

Encouraging news for NYC retail hubs as pedestrian traffic jumps month over month Each month MRI OnLocation delivers insights on retail performance for downtowns. Pedestrian traffic in NYC retail hubs rebounded in May compared to April, representing …

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