It can be difficult to understand how individual variables contribute to a model's output.
With Shapley values integrated into Indicio, you can now better articulate the reasoning behind a model's predictions and better understand the contribution of each indicator towards your forecasted outcome.
We've built an econometric model (VAR) to identify leading indicators. Vector autoregression is a workhorse model in macroeconomics that defines each indicator as a function of other indicators. This way, instead of treating each indicator’s impact separately, the model captures interactions between them and their influence on your sales.
By using a lasso penalty through cross-validation, we ensure that only the relevant indicators are represented, delivering the most accurate results.
“It's been in our pipeline!
To be able to build multi-level, separate models
and aggregate them is a great way to help us achieve coherent results.”
What-if series
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By demystifying the black box in forecasting models, you can better
understand the contribution of each variable to the prediction outcome.
This in turn builds trust and confidence in the forecasting models used.
By providing transparency and interpretability, it's easy to gain and increase stakeholder trust.
You get the confidence to articulate the reasoning behind a model's predictions.
Understand the role of each variable in the prediction and determine which variables are the most important quickly.
Forecast every possible level in the hierarchy.
This means you'll get demand forecasts that are coherent with top-level forecasting results.
Article
One step closer to a unified view of demand with hierarchical forecasting
Imagine having a single source of (data) truth with which you can make better decisions.
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Forecast every possible level in the hierarchy.
This means you'll get demand forecasts that are coherent with top-level forecasting results.
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We are an automated forecasting software that bridges the latest statistical models from academia with the specific leading indicators in an organization's market environment. Helping your organization achieve the highest forecast accuracy.
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