What is the "Forecast Value" doing when using the last value prediction property?
Best Answer
-
It is doing linear regression. If you toggle between Forecast Value and Linear Regression you get the same results.
My guess is they include the "Forecast Value" for those unfamiliar with data science and Linear Regression.
If I solved your problem, please select "yes" above
0
Answers
-
It is doing linear regression. If you toggle between Forecast Value and Linear Regression you get the same results.
My guess is they include the "Forecast Value" for those unfamiliar with data science and Linear Regression.
If I solved your problem, please select "yes" above
0 -
Actually I got different outputs for the predicted values when I tried it so I do think they are calculating it differently. Just not sure how. The knowledge base says "If your data has a strong end-of-period trend, use Forecast Value will likely give you the projection you want." Which makes me think its something to do with seasonality.
0
Categories
- All Categories
- 1.5K Product Ideas
- 1.5K Ideas Exchange
- 1.4K Connect
- 1.1K Connectors
- 278 Workbench
- 4 Cloud Amplifier
- 4 Federated
- 2.7K Transform
- 89 SQL DataFlows
- 560 Datasets
- 2K Magic ETL
- 3.3K Visualize
- 2.3K Charting
- 575 Beast Mode
- 13 App Studio
- 28 Variables
- 582 Automate
- 141 Apps
- 414 APIs & Domo Developer
- 26 Workflows
- 1 DomoAI
- 28 Predict
- 12 Jupyter Workspaces
- 16 R & Python Tiles
- 356 Distribute
- 95 Domo Everywhere
- 259 Scheduled Reports
- 2 Software Integrations
- 92 Manage
- 89 Governance & Security
- 9 Product Release Questions
- Community Forums
- 42 Getting Started
- 28 Community Member Introductions
- 89 Community Announcements
- 4.8K Archive