If you are buying spot, when and how much should you buy? What is the optimal mix between spot and term-based contracts? How should you structure the price adjustment mechanism of your term-based contracts?
Reliable price predictions are a key part of the answer to these questions, and Datapred benefits from the unique predictive capabilities of its modeling engine for streaming data.
Whatever the direct material price you are targeting (market, public or private), Datapred will leverage the relevant interval and external data to provide short- and long-term point and trend predictions, with the corresponding confidence intervals.