topic Re: Qlik Sense Data Forecasting in App Development

Qlik Sense Data Forecasting

Cherry08 — Wed, 28 Oct 2020 13:58:16 GMT

Hello Everybody,

We have historical data and we would like to see the future data based on the historical data. So we need to do data forecasting. How we can achieve this in Qliksense?

Thanks in Advance

Re: Qlik Sense Data Forecasting

forte — Thu, 29 Oct 2020 10:43:12 GMT

Hi @Cherry08

Check information in this thread

https://community.qlik.com/t5/Qlik-Sense-App-Development/forecasting-in-qliksense/td-p/13585

Hope it helps

Regards

Re: Qlik Sense Data Forecasting

Pitternil — Fri, 30 Oct 2020 12:02:27 GMT

We have a 2yr data and we want to forecast 4 months ahead. But since it's too short, the models doesn't fit really well (20% MAPE), but that's the best we can do so far. But even if MAPE is low, I'm assuming that forecasts are still not perfect and actual values may differ significantly.

Any advice how to present forecasts with a caution to clients that the forecasts may be off?

When actual numbers do come up and forecasts were wrong, what has been your experience on the consequences of that in the industry? McDVOICE