Statistical order forecasting predictions for Advanced Account Forecasting
Key Takeaway
To generate statistical order forecasts, create a custom app in Analytics Studio from the Order Forecasting for Manufacturing template. Set Forecast Period Count lower than Example Set Period Count.
Statistical order forecasting predictions use historical order data to project future order quantity and order revenue for an advanced account forecast set in Agentforce Manufacturing. CRM Analytics generates the predictions with a preconfigured recipe. Planners analyze the results in a dashboard so they can build a more effective manufacturing plan.
What the predictions contain
Statistical order forecasting predictions are generated for advanced account forecast sets. The predicted data includes two measures: order quantity and order revenue. The predictions have a confidence level of 95%.
The predictions use the Multiplicative model of time series forecasting. A preconfigured recipe runs the model through a Time Series Forecasting Transformation node. The out-of-the-box Order Forecasting for Manufacturing recipe is customizable.
The recipe bases the forecast on these inputs:
- Accounts
- Orders
- Products
- Product categories
- Periods
- Advanced account forecast set partners