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1319 Review
39 Karma

Review on Sobol by Reginald Hamilton

Revainrating 4 out of 5

Great for financial forecasting and modeling of various kinds

The ability to create a model that can then be used in many different ways, including for forecasting models, is one thing I like best about this product. It's not intuitive at first, but once you get it down it gets easier. Also, there isn't much out-of-the box functionality available - you have to build your own if you want something special. But as long as you know what you need, building customizations should work well! We use Sobol primarily to do our annual forecast planning using Monte Carlo simulation. This allows us to test various scenarios and see how they perform compared to each other. In addition we also run Sobol regression models, which help predict future values given certain inputs (e.g., price or sales).

img 1 attached to Sobol review by Reginald Hamilton



Pros
  • The ease of deployment of building and using customizable models
Cons
  • The user interface can be a bit clunky, and it's not always easy to get the answer you want