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Forecasting

This article covers how to enable Trend Forecasting on line and area chart widgets and how to read the forecast display.

Written by AgencyAnalytics Team

Forecasting

Trend Forecasting predicts and visualizes future performance trends using historical data. It helps you spot potential issues or opportunities early so you can make data-driven decisions to drive growth.

Related reading: Anomaly Detection and Benchmarks.


Before You Start

  • Staff and Admin users can enable or disable Trend Forecasting for line and area chart widgets while in view mode

  • Trend Forecasting only works on compatible chart widgets. If the Insights icon does not appear in the upper right corner of a widget, Forecasting is not supported for that widget type


Enable Trend Forecasting On A Widget

You can turn Trend Forecasting on or off for any compatible line or area chart widget in just a few clicks.

Toggle Forecasting On An Existing Widget

Step 1: Hover over the line or area chart widget you want to check.

Step 2: Click the Insights icon in the upper-right corner of the widget.

If the Insights icon does not appear in the upper right corner, Trend Forecasting is not supported for that widget type.

Enable Forecasting While Adding A New Widget

Step 1: Drag and drop a chart widget onto a dashboard or report.

Step 2: Click the Display tab.

Step 3: Toggle on Forecasting.


How To Read A Forecast

Once Trend Forecasting is toggled on for a widget, the chart updates to show future predictions based on your historical values. The forecast display includes five parts:

  • Your values before the forecast, showing the historical data used to build the prediction

  • The forecasted value for the period

  • The current value before the forecast begins

  • The optimistic forecast range, showing the best-case scenario

  • The pessimistic forecast range, showing the worst-case scenario


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