Selecting a Forecasting Method

Use the Methods panel of the Predictor wizard to select a forecasting method.

  To display Methods, click Next in Data Attributes or click Methods in the navigation pane of the Predictor wizard.

  To select one or more forecasting methods:

  1. Depending on the Data Attributes Seasonality setting and the nature of the data, select one or more of the following:

    • Non-seasonal Methods—Work best on data that do not show a pattern that repeats regularly over a certain number of time periods, but can show a trend of decreasing or increasing over time

    • Seasonal Methods—Work best on data that show a pattern that repeats regularly over a certain number of time periods and can also show a trend of decreasing or increasing over time

    • ARIMA—Useful in a variety of situations, particularly with many historical values and very few outlier values

    • Multiple Linear Regression—Useful when independent variables affect another variable of interest

    Note:

    Shortcut keys for selecting or clearing each method group are as follows: Ctrl+n, Non-seasonal Methods; Ctrl+s, Seasonal Methods; Ctrl+a, ARIMA; and Ctrl+m, Multiple Linear Regression.

  2. Optional: Disable any individual method or override the default settings:

  3. When settings are complete, click Next to review and change forecasting options.