Being able to predict data is vital for any organization and its Sales team. An accurate revenue forecast helps the team to better plan, focus and execute on the right aspects of the business. Join us for the Data Walkthrough to learn how statistical models can help you define and forecast targets from your historical data. We will be using Alteryx, a self-service analytical platform to forecast demand using a univariate statistical model.
In this session, we will be using multiple series forecasting using a model to predict future values based on the previously observed values:
The following is a high-level description of the two pre-packaged time-series methodologies our predictive tools support:
ARIMA is the Autoregressive Integrated Moving Average Model and is the most commonly used forecasting approach
ETS model uses Exponential Smoothing Method and is a commonly used forecasting approach based on a weighted average of past observations with the weights declining in size for more distant past values. In short, all past values are factored in the forecast although with decreasing importance as the values are further back in time.
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As sales professionals, you spend countless hours manipulating and merging data from numerous spreadsheets. Wouldn’t you rather be spending your precious time on more impactful activities like Sales Analysis and Forecasting? Wouldn’t you rather overcome the limitations using the art of forecasting. Prepare for a deep dive into the Multiple Series Suite using predictive models to make better forecasting decisions using your data to open up the possibilities to better insight.
Principal BI Consultant
Iravati is the Tableau and Alteryx Consultant & Trainer at CRG Solutions. A technical resource with over 25 years of work experience. She has been a software developer using various Languages and Database platforms. Past 10 years, her focus has been Business Intelligence with Data Warehousing, ETL and Presentation tools. Her training programs help the attendees realize and appreciate the ease of use and applicability in their respective scenarios.
Kunal has multiple years of work experience spanning across multiple domains like Telecom, Secondary Data Research, Retail, and others. At CRG Solutions he provides consultancy in the space of Business Intelligence and Advance Analytics to Enterprises across India. His expertise emphasises in understanding customer queries, identifying important KPIs from business users and enabling organizations to solve their bottleneck during the advance analytical journey. He uses his technical expertise in data strategy, advance analytics, and data visualization to manage and support enterprise accounts in technical aspects helps customers achieve their data strategy.
“It has been an amazing transition for my team to start using Alteryx — to go from manual, tedious, cumbersome processes where we still didn’t have insight into the data to a world where we have self-service analytics”
– Dawn Rinehart, Total Cost of Ownership Manager at Daimler Trucks