What is predictive forecast in SAP LOD-ANA - SAP Analytics Cloud?

SAP Term: predictive forecast

• Component: LOD-ANA

• Component Name: SAP Analytics Cloud

• Description: The outcome of running an algorithm on historical data to predict future values for a specific measure.

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• Key Concepts: 
  Predictive Forecasting is a feature of SAP Analytics Cloud (LOD-ANA) that uses machine learning algorithms to predict future outcomes based on past data. It uses historical data to create a predictive model that can be used to forecast future trends and patterns. The predictive model can be used to make decisions about future investments, operations, and strategies. 
  
  How to use it: 
  To use predictive forecasting in SAP Analytics Cloud, you must first upload your historical data into the system. Once the data is uploaded, you can use the predictive forecasting feature to create a predictive model. This model can then be used to forecast future trends and patterns. You can also use the predictive model to make decisions about future investments, operations, and strategies. 
  
  Tips & Tricks: 
  When using predictive forecasting in SAP Analytics Cloud, it is important to ensure that your historical data is accurate and up-to-date. Additionally, it is important to ensure that the predictive model is regularly updated with new data as it becomes available. This will help ensure that the predictions are as accurate as possible. 
  
  Related Information: 
  For more information about predictive forecasting in SAP Analytics Cloud, please visit the official SAP website at https://www.sap.com/products/analytics-cloud/predictive-forecasting.html. Additionally, there are many online tutorials and resources available that provide step-by-step instructions on how to use predictive forecasting in SAP Analytics Cloud.