LOGIBLOX enables you to use the power of a fully automated process to train various best-practice forecasting models. Find out whether your data is forecastable and select from the best performing forecasting method to get the best accuracy possible without any experience in data science.
Forecasting your sales or fincancial budget for the next month / quarter / year to align costly resources with e.g. inventory management, marketing campaigns, and staffing levels is a vital step in your business decisions process. However, most companies lack the expertise and resources to build (advanced) predictive models in-house.
By applying statistical techniques and predictive modeling, data analysts can generate forecasts that help organizations in budgeting, resource allocation, production planning, inventory management, sales forecasting, and other strategic decision-making processes.
Forecasting techniques can range from standard methods like moving averages and exponential smoothing to more advanced approaches like ARIMA (AutoRegressive Integrated Moving Average), exponential smoothing state space models, or machine learning algorithms. All of them are included in the LOGIBLOX Forecasting Excellence solution.
The LOGIBLOX Forecasting Excellence solution with its fully automated process, helps you to use the best forecasting model for your data without writing a single line of code. LOGIBLOX hides the complexity and leverages end-to-end machine learning, from data preparation to model training, comparing forecasting methods, accuracy and deployment. This involves the following steps in the background:
With LOGIBLOX, it`s very easy to: