Forecast re-modelling for Pharmaceutical company

Project status
Project start date
Not specified
Project posted
2 May 2013 17:07
Project duration (approx.)
35 Days
Budget (approx.)
€10000 / day
Industry
Pharmaceuticals
Area of expertise
Accounting and Finance
Location
Off-site in 

Objectives and Key Deliverables

A Mid-sized Pharma company require a senior level consultant with extensive experience in the Pharmaceutical industry to fine tune their existing internal Forecasting model to provide an accurate forecast for in-licensing opportunities. The market is subdivided into two types of products.First intention products - Doctors prescribe very easily and quicklySecond intention products - Prescribed later after overcoming inefficienciesThe challenge: There is a new parameter all new products can now move from first to second intention and how can they accurately estimate the ratio of first to secondObjectivesTo understand and determine which ratios to use and apply to the model to provide an accurate forecastTo estimate the ratio from first to second intention products

A fine tuned forecasting model to use internally based on the new ratios3 Forecasting hypothesis optimistic, middle ground and pessimistic to present to the company

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