Insight Analytics Analytic Type: Single forecast

Single forecast is an analytic type in Insight Analytics. It provides a quick forecast visualization for one selected time series.

The analytic uses the selected attribute's historical data to extend its time series into the empty future part of the chart. Depending on the selected chart period, the calculation may also use data preceding the visible range.

The result contains:

• a forecast line showing the predicted development

• a one-sigma bound showing the narrower 68% confidence range

• a two-sigma bound showing the wider 95% confidence range

The forecast can be displayed as a line graph or a bar graph. It can also be saved as an analytic and reused in analytic widgets.

Difference from the Forecast Engine

Single forecast is intended for visualization and exploration. It does not create a forecast attribute and does not continually write forecast values to an asset.

The Forecast Engine, by contrast, creates an operational attribute with a defined aggregation, horizon, percentile, and optional feature attributes. That generated attribute can be used like any other attribute in Insight Analytics, dashboards, rules, and rule chains.

For instructions on selecting the analytic type, reading its chart, and saving the result, see Single forecast under Insight Analytics analytic types.