Glossary / Analytics & methodology

Smart Forecast

Definition

Smart Forecast is an AI-corrected forecast: the property’s committed forecast feeds a model, which compares it against historical patterns, OTB trajectory, day-of-week effects, and event calendars, then publishes a delta and a recommendation. The revenue manager keeps the final say.

What it tells you

AI-assisted forecasting works best as a correction layer on top of a human-built base — not a replacement. The committed forecast captures judgment (a soft week the manager expects, an event the model hasn’t learned yet); the AI catches drift the manager would otherwise miss.

How to track it

Modern BI / RMS tools surface AI-corrected forecasts alongside the base. Peaqplus runs Smart Forecast as a daily 60-day correction with monthly published MAPE / SMAPE / MAE accuracy reports.

Where it fits

The forward-looking layer for properties that want the AI assist without giving up control of the number. The accuracy reporting is the discipline that keeps the AI honest — if it doesn’t beat the base forecast, switch it off.

Want to see Smart Forecast tracked automatically? Book a 15-minute demo →
Signal → Decision → Action → Outcome

See these metrics tracked automatically.

In our 45–60 minute walkthrough, we run Peaqplus on our live demo environment — a simulated property with data that moves day to day.

No setup fee. No PMS access needed.