Skip to content

Predictions

The predictions feature in Alviss AI enables you to forecast future outcomes based on specific drivers, allowing for better preparation and strategic planning. This can be particularly useful in areas such as demand forecasting and sales predictions. To access this feature, navigate to Predictions within the Alviss AI platform.

Setting Up Predictions

Variables

For any variable in the dataset, you can control it and set it to the desired value to see what the outcome will be. Here’s how you can set up and use the predictions feature:

  1. Navigate to Predictions: Go to the predictions section in the Alviss AI platform.
  2. Add Variables: Select the variables you are interested in predicting. These can be any variables available in your dataset.
  3. Set Variable Values: For each variable, set the desired values for each time point. This gives you full control over the inputs to see how they influence the outcomes.
    • Example: If you want to predict sales based on advertising spend, set the advertising spend variable to different values at various time points to see the resulting sales predictions.

Running Predictions

  1. Configure Inputs: After setting the desired values for the variables, configure the prediction parameters if needed.
  2. Run Predictions: Click on the “Run Predictions” button to generate the forecast.

Understanding Prediction Results

When the prediction process completes, Alviss AI provides detailed results that include:

  • Predicted Values: The forecasted outcomes based on the input variables you have set.
  • Time Series Analysis: Visual representation of how the predicted values change over time.
  • Confidence Intervals: Uncertainty estimates around the predictions, allowing you to understand the range within which the actual outcomes are likely to fall.

Utilizing Prediction Insights

The insights gained from predictions can help you:

  • Prepare for Future Demand: By predicting demand, you can optimize inventory levels and ensure timely supply.
  • Optimize Sales Strategies: By forecasting sales based on different drivers, you can identify the most effective strategies to boost sales.
  • Strategic Planning: Make informed decisions about marketing investments, budget allocations, and other strategic initiatives based on predicted outcomes.