How Many Forecasts can be Requested?
The field Number of Forecast Periods allows you to select the number of predictive forecasts to generate.
You can set the number of predictive forecasts that corresponds to your business needs.
However, this number can be set with some limits:
- In the case that your time series data source is a dataset that contains future values for
influencers, your number of predictive forecasts needs to be inferior or equal
to the number of future values observations you have in your data source.
ExampleIf you have future values for the next six months, then the number of predictive forecasts requested cannot exceed six.
- The number of predictive forecasts delivered with confidence intervals is
determined as follows:
- If the time series data source size is equal or fewer than 12 periods, it is treated as a small data source case and by default the number of predictive forecasts with confidence intervals is set to 1.
- In the other cases, the number of predictive forecasts with confidence intervals is set to
1/5 of the time series data source size. ExampleIf your time series data source contains 1,000 observations, Smart Predict can provide up to 200 predictive forecasts with confidence intervals. If you ask for more than 200 predictive forecasts, the accuracy of the forecasts starting from the 201st cannot be evaluated.