Assessment of forecast accuracy for the facade market. The mean absolute percentage error (MAPE) for the facade market size forecast was 1.9%. This error
was also low when broken down by market segment, where it averaged 1.6%.
We calculated forecast accuracy using the mean absolute percentage error (MAPE), which measures how much PMR’s forecasts differed, on average, from actual values:
where n is the number of periods (years) for which the variable is forecasted.
The assessment of forecast accuracy was based on data from the published report “The Facade Market in Poland in 2022” and its historical versions. The size
For one of Poland’s largest aggregate producers, the PMR team conducted a comprehensive market analysis broken down by province. The project aimed to identify the regions with the greatest growth potential, enabling the client to optimize its investment and logistics strategies.
Project Objectives
The goal of the project was to provide insights into the regional diversity of the Polish aggregates market. The client gained detailed insights that enabled better planning of development strategies and investments, with the goal of maximizing market share while minimizing logistics costs. This analysis served as the foundation for making informed business decisions and building a competitive advantage in the dynamic construction sector.
Project Details
As part of the project, PMR analyzed and forecasted nearly 300 time series—about 20 for each province. Each indicator was closely linked to the aggregates market and reflected the scale of the market’s potential in a given region. This provided an in-depth understanding of local conditions, trends, and growth opportunities.
These indicators were then used to develop PMR’s proprietary attractiveness index. This tool, based on a proven linear ordering method, objectively aggregates large datasets into a single indicator that directly answers the question of where the aggregate market’s potential is greatest. As a result, the client received clear and comparable results for all regions of Poland.
Project Results
The client received a detailed report that:
He summarized the analysis and forecasts regarding the development of the aggregates market by province.
He presented the results of the regional attractiveness index in a precise and clear manner.
It highlighted the strengths and weaknesses of individual regions and provided basic information about each of them.
He directly addressed the question of which regions of Poland should be of critical interest to the client.
What did the customer gain?
The PMR project enabled the client to:
Identification of regions with the greatest market potential, which made it possible to focus investments and operational activities.
Reducing logistics costs through improved distribution and warehousing planning.
Building a competitive advantage by leveraging reliable market data and forecasts.
Making informed business decisions based on PMR's proprietary analytical tools.
Project Summary
PMR’s analysis of the regional aggregates market’s potential provided a solid foundation for the strategic development of one of Poland’s largest aggregates producers. Thanks to a comprehensive research approach and practical recommendations, the client gained the tools to build a strong market position and implement ambitious investment plans.
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At PMR Market Experts, we provide advice and support for your company's operations.
Need more data?
At PMR Market Experts, we provide advice and support for your company's operations.
