Exploring Automated Prediction Options in EPM Planning
EPM Planning has many options available for automated Predictions using statistical methods and machine learning algorithms. These predictions use historical data to predict future periods and can be used as an alternate estimate for the future, or to sense check manual forecasts using advanced methods. This blog will cover how and when to use the different options, along with providing a key feature comparison of Predictive Planning vs Auto Predict vs Advanced Predictions. Predictive Planning Predictive Planning is an interactive prediction , which has been available for many years and is run on demand by end users via a data form. It uses the form context to produce a dynamic prediction, best case and worst case for all members on the form (e.g. for all accounts on the row), but they must be viewed one at a time . The only setup required is the data form layout which must meet certain criteria, so this is a great option to start with. The predictions produced are univariate , wh...