Alteryx Designer Desktop Discussions

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Forecast future sales

Usamah22
8 - Asteroid

Hello,

 

i have data that looks like below with over 2 years of data for 100s of products. i want to forecast the sales for future months. what is the best way of doing this in alteryx?

 

DateProductMarket Sales
01/02/2020a1000
01/03/2020a1200
01/04/2020a1300
01/02/2020b50
01/03/2020b55
01/04/2020b43
4 REPLIES 4
BrandonB
Alteryx
Alteryx

You may want to take a training video on Time Series modeling in Alteryx using the ARIMA and ETS tools in the Time Series category: https://community.alteryx.com/t5/Videos/Time-Series-Analysis/td-p/114070

 

Once you become familiar with the concepts for a single model, you can apply the skills that you have acquired in the training above to then be applied to the Model Factory and Forecast Factory tools: https://community.alteryx.com/t5/Alteryx-Designer-Knowledge-Base/Time-Series-Factory-Tools-vs-Batch-...

 

They can be downloaded from the predictive district here: https://gallery.alteryx.com/#!districts/56327e37aa690a17f0760bdc

echuong1
Alteryx Alumni (Retired)
Usamah22
8 - Asteroid

is the below what i need to use? TS forecast factory.

 

Usamah22_0-1607078220322.png

 

BrandonB
Alteryx
Alteryx

Here is the help documentation on setup and use of the model factory and forecast factory

 

Model Factory: https://help.alteryx.com/current/designer/ts-model-factory-tool

 

Forecast Factory: https://help.alteryx.com/current/designer/ts-forecast-factory-tool

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