Forecasting

Training Options - Forecasting (Time Series)

Forecasting has several different options than standard predictions. These are outlined here.

Time

Select the field that indicates the time stamp of each row. This is necessary to build a model that shows changes over time.

ID Field

For datasets that contain more than one sequence, select an ID field to generate forecasts for each subsequence independently. A subsequence must include at least five dates in the forecast.

If there are no ID fields available, a column can be set to an ID field in the Prepare tab.

Target Prediction Data Points

How far you want the model to predict the future. Forecasts get inherently less accurate as they get further from their training data. It's best to continue to provide fresh data into forecasting models to keep this gap small. The default value is 30%, i.e., if you have ten months of training data, it will project forward three months.

Aggregate Data Points

Bucket data into discrete periods (days, weeks) to smooth data that may not be in regular intervals and improve model accuracy.

Advanced Settings - Model Type

Manually choose the model type. The default will run several models and choose the best performing best during backtesting.