How to Forecast Production in CapSim from a Top 99% Team

[@craiggo1535]

This helped me understand the simulation so much better. Thank you!

[@YouTubePreneur]

You're welcome. I'm glad I could help!

[@Rachel-18]

Capsim from jail.

[@YouTubePreneur]

The witness protection program

[@k.o.8769]

seems rather well spoken, possibly in for white-collar offenses? ;D

[@apprananpil]

i was ABOUT to write it but everyone beat me to it. lol. hahah

[@castellamedia]

Isn't the courier based on "last year", not current round decisions

[@YouTubePreneur]

Yes, the courier is based on last year's usage; however, its forecasts help tremendously when it comes to properly forecasting in CapSim. You will always have tweaks in the numbers depending on what your competitors decide to do in between rounds. If they add a product when you don't, they're likely to get market share while you don't. If no one introduces a product, the forecasts are a great way to start your planning.

[@RaymondBradHaines]

After using his teachings to kill my CAPSIM simulation I am heavily invested in this prison side story. Please update

[@YouTubePreneur]

Haha. Wrong wardrobe choice that day, while filming in a building built in the 50's. Lol

[@jonathanlindman7187]

this is nuts to keep up with all this stuff

[@YouTubePreneur]

But it is totally doable. You've got this!

[@peterchan2507]

How do I forecast a product that was sold in both low and high tech markets? which market share or growth rate should i use?

[@YouTubePreneur]

Forecast it based on which it will be more of next round. Of you're letting it age, it'll prob be considered low tech. If you're upgrading it, they'll prob consider it high

[@peterchan2507]

Thank you!! And also thank you for sharing all of this knowledge you have on how best to use capsim! I've been applying it in my class and it's totally working! :)

[@drewatkison4127]

I'm about to start the simulation with my team and I was wonder how well it worked for you?

[@timjones4970]

OK. So I we have a total of 6 companies. That's what I call it. We are in round 2. We have 3 team's who's actual and potential market share have dropped to a combined 12.8%. Is there a way I can take advantage of it?

[@YouTubePreneur]

Send me your fasttrack. Contact me via my website and I'll give you some ideas

[@daniloorlich3703]

Hi man, I've been looking around for some different forecasting methods and I actually think this will work well. Question on an old video though; wouldn't this forecasting method only be the case if your product stayed the same? I may be wrong, but doesn't the simulation base what your predicted market share will be off of the assumption that your products will be the same next round? Or does it account for your products changing and base the predicted market share on some sort of predicted changes? Thanks!

[@YouTubePreneur]

With my forecasting, it's assuming you're trying to keep your product optimal for the market you're forecasting. For instance, if you're working on a low tech product, the forecasting is assuming your product is still optimal the next round. If it won't be optimal, take that into consideration by lowering your forecast slightly for that. A lot of it is gut reaction, in my opinion.

[@Jacob-ry3lu]

I used this method and I stocked out in one segment and the other segments I had over 100 units of inventory left. I went to the reports, looked at my current sales and the market growth and multiplied them to see my potential sales next round, used that number for my production. How can I more accurately take into consideration other factors like a well positioned product, bad competitors, etc.? It seems like the estimate can be way off depending on those other factors

[@YouTubePreneur]

Also consider your fraction of each tech. Ex. If there are 8 high tech products available and you have 2, you'll likely gain 25%of the market share. Then consider the release dates for your products and how much you'll actually be able to sell. You'll get the hang of it by the time you've gone through a few rounds...also watch when other companies have a product coming out the next round and determine how that'll affect market share.

[@crassflam8830]

The method of this video will work fairly well, but the video gives an incorrect explanation of what the potential vs actual market share is. The actual market share is based on how much an individual product sold compared to others in a segment (or all your products if you're looking at the graphs). Potential market share is not a prediction of last round, but a diagnosis of last round, based on your average CSS throughout the year. Assuming there are no major surprises, you will generally do as well next round as you did this round, but there are more accurate ways to get a new potential market share (such as using the december CSS method).

[@YouTubePreneur]

Thanks. I hope that clears up any confusion.

[@drewatkison4127]

I'm about to start the simulation and I'm a bit nervous... I'm the one doing the forecasting.

[@RealEstateInvestingUnmasked]

You'll do just fine. If you make a mistake the first round, you can learn from it and make adjustments accordingly. Good luck!

[@drippinwet774]

most important guy on the team

[@drippinwet774]

I'm doing CapsimCore right now. On Round 3. Stocked out even though we raised price. Maybe the price wasn't high enough.

[@SherryXShi]

hi, KZbinPreneur thanks for sharing the info. 1.how to introduce 2 new high products & 1 Trod? 2. isn't the automation for high-end should not be over 6? did u increase the automation in 1st round or gradually each round? 3. how to get around 150% plantUtilz? Thank very much for your reply

[@YouTubePreneur]

In order to introduce 2 high tech products you only need to enter in another product where the specs meet high tech criteria. I'm not sure what trod is? You can have automation as high as 10. It just takes longer to adjust your specs each round the higher you make it, but it also lowers your costs. Plant utilization is a fine balance between capacity and demand. If your capacity is 1000 and you make 1500, you're at 150%

[@suzettehobbs9735]

Can someone contact you for taking?

[@YouTubePreneur]

Reach out via my website, www.capsimhelper.com

[@green.world.podcast]

Hello there! I'm starting my simulation this semester. I didn't get much instruct on it. Can someone tell me how to make an official decision? It's a simple question, obviously. But when I try to upload my draft decision to official, somehow it doesn't work.

[@RealEstateInvestingUnmasked]

I think I do that in my videos...once your decision are made, you tell the game to advance

[@apprananpil]

"you're that smart banker who killed his wife aren't ya, why should I believe a smart banker like you? so i can end up in here with you?"

[@killahpriest9528]

why areyou doing capsim in prison?

[@YouTubePreneur]

Why do it anywhere else? Lol. Haven't used the white brick backdrop since...

[@killahpriest9528]

@@KZbinPreneur hahahahhaha

[@omarrefaat8199]

Man be teaching from jail, respect

[@YouTubePreneur]

Lol

[@Nag380]

How is here in 2022 ? 🤚

[@YouTubePreneur]

Things are awesome!

[@bobdole6691]

How tf does a capsim tutorial youtuber end up behind bars, what this nigga do? Insider trading?

[@YouTubePreneur]

That's funny. Found a brick wall and a camera when the guards weren't looking... Haha

[@jason200912]

teaching us from prison. must be in a federal prison for investment fraud

[@YouTubePreneur]

You know it!

[@damonm7541]

Great help, but the guy looks like he's broadcasting from his prison cell....

[@YouTubePreneur]

Poor background and wardrobe choice, I suppose... 😜

[@zanielcole2365]

Are you in jail??? If so then respect

[@YouTubePreneur]

I'm not, but I'll accept the respect, nonetheless lol