Tuesday, August 30, 2011

Forecasting Tips For creating a forecating model that uses Business Intelligence Tools

When creating a forecasting model for Business Intelligence purposes it is possible to integrate BI with data analysis. One key way to do this is to:




   Restart the model when a new trend emerges and the old trend data is no longer relevant.


In BI terms it is critical to stay on top of the data, making sense of it from a business perspective.


From a technical perspective, you can create alerts that let the end-user/forecasters know when the data has standard deviations that are outside of a predefined boundary.


OBIEE has great capabilities for creating alerts, and letting users know when it is time to take a closer look at the data and make forecasting model adjustments.





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