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How to create a forecast using Alma Analytics Data Visualization (DV)

In this blog post we will be using Alma Analytics Data Visualization (DV) to create a forecast.

See also the following YouTube video: Alma Analytics: Creating a forecast with Alma Analytics Data Visualization

In the example here we will be creating a forecast in which we

  1. Use the Funds Expenditure Subject Area
  2. Compare expenditure amounts for physical and electronic materials over the past years and predicting 3 periods into the future
  3. Use the forecast model ARIMA (AutoRegressive Integrated Moving Average).

The same method used here can be used for other measures in other subject areas.

ONE

Access the Data Visualization and create a project

 

TWO

Choose the Funds Expenditure Subject Area

FOUR

Create a line graph.

In the Y axis put:

  • Transaction expenditure amount of type physical format
  • Transaction expenditure amount of type electronic format

In the X axis put:

  • Transaction Date Year

FIVE

Right click the graph and choose to add a forecast

SIX

In lower left pane choose forecast model ARIMA and periods 3

SEVEN

View results and see the forecast for the next three years

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