Accurately Project Your Demand

The incorporation of technological tools in the main areas of the business is essential to obtain improvements in the profits of Natural Gas Distributors and Transporters.

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With this objective in Novix, we have developed a solution that allows us to make accurate demand forecasts for the short, medium and long term, testing econometric and Machine Learning models to determine which of them has the best fit according to the characteristics of your company's demand.

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How does the Demand Forecasting module work?

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The module of daily demand forecast uses econometric models and Machine Learning algorithms to evaluate historical data with different levels of disaggregation (which may reach the level of a customer in the case of large consumers), and to forecast demand for the coming days.

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The main modules of the system are:

• Input of historical data and evaluation of the explanatory variables.

• Analysis of each of the series testing a large number of models.

• Generation and evaluation of possible demand forecasting scenarios.

• Determining the most accurate and assertive forecast considering the particularities of your demand.

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Main advantages of this tool

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The improvement in the estimate directly translates into a reduction in penalties linked to errors in the nomination of gas injection contracts for the coming days. In addition, the implementation of the system allows:

• Reduce the time taken to generate and analyze forecasts by up to 40 times.

• Forecast daily demand for the short, medium or long term more precisely.

• Test more than 30 predictive models to find the one with the best fit.

• Greater assertiveness in estimating future revenues using predictive models and Machine Learning to forecast demand.

• Reduction of costs resulting from naming errors due to failures in the estimation of demand.

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This tool is part of a Solution Suite specifically developed by Novix to solve the different challenges faced by natural gas distribution and transportation companies.

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Take your demand forecasting to the next level with econometric models and Machine Learning.

‍👉 Let's talk about how to implement this demand forecasting solution in your distributor or carrier.