Solution of the week - Forecasting in Reports

Solution of the week - Forecasting in Reports

Zoho Analytics now enables you to predict future events, using its forecasting feature. Forecasting in Zoho Analytics uses your past data and comes up with the best prediction for the future.





You can set up a forecast in minutes, without worrying about the underlying complexity. To do this,
  • Open the desired chart.
  • Click the Settings icon and select the Forecast tab.
  • The Add Forecast drop down will list all the possible Y-axis series that can be forecasted. 

  • Select the desired Y-axis series
    • Forecast Length - Number of points to be forecasted.
    • Ignore Last - Number of points to be ignored from the past, starting from the current point.
    • Formatting - Formatting to be applied.
    • Show ignored values - If checked, the chart will plot the data points ignored in "Ignore Last" setting.
  • Click Apply.
With Seasonal Trend Loess decomposition , we get the trend, season, and error components. The best regression (linear, log, or exponential) is then done on the trend and error components to find the future values. The seasonal component is assumed to be repetitive. The trend, season, and error are then combined either additively or multiplicatively for the future values.

Options to include multiple exponential smoothening algorithms in on our roadmap.