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Cherry08
Contributor III
Contributor III

Qlik Sense Data Forecasting

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

2 Replies
forte
Partner - Creator
Partner - Creator

Pitternil
Contributor
Contributor

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